Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook.

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  "detected_at": "2026-04-29T15:43:21+00:00",
  "company": {
    "name": "Cognizant",
    "domain": "cognizant.com"
  },
  "data": {
    "url": "https://www.livemint.com/companies/news/cognizant-to-cut-4-000-jobs-as-ai-push-weak-demand-weigh-on-outlook-oracle-tcs-11777472134802.html",
    "title": "Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook.",
    "excerpt": "Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook.\n\nCognizant's Project Leap restructuring targets $300 million in savings and margin expansion, even as the company lowers full-year guidance amid a softer demand environment.\n\nBENGALURU: Cognizant Technology plans to cut about 4,000 jobs, or roughly 1% of its workforce, two people with knowledge of the matter said, even as slowing demand and a push toward automation weigh on growth and prompted the company to lower its full-year outlook.\n\nThe company on Wednesday announced Project Leap, a transformation programme involving increased investments in AI, integrated digital offerings, and workforce upskilling. Cognizant expects the programme to cost $230-320 million, including $200-270 million of employee severance and other personnel-related costs, but generate savings of as much as $300 million this year.\n\nWhile Cognizant did not put a number to the employees affected by the restructuring, the management said in a post-earnings analyst call that more than 20,000 freshers would join this year, suggesting reductions in mid-level roles. Headcount rose by 6,000 to 357,600 at the end of March 2026.\n\nMint premium 1 year at ₹999.\n\nYou're reading something valuable - don't stop here",
    "summary": "Cognizant Technology Solutions Corporation decreases headcount by 4000.",
    "category": "decreases_headcount_by",
    "found_at": "2026-04-29T15:43:21Z",
    "planning": false,
    "headcount": 4000,
    "image_url": "https://www.livemint.com/lm-img/img/2026/04/29/1600x900/logo/USA-SEC-COGNIZANT-TECH-0_1753939006371_1753939018503_1777477111970.JPG",
    "confidence": 0.3036,
    "published_at": "2026-04-29T15:43:21Z",
    "article_sentence": "Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook."
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