Overview
- Estimates published Tuesday by Indian outlets, citing Moneycontrol, put potential cuts at 12,000 to 15,000 worldwide, with India bearing the largest share.
- Cognizant, which has about 357,000 employees and over 250,000 in India, has not confirmed a headcount figure tied to the plan.
- Cognizant, which disclosed April 29 it expects $230 million to $320 million in severance under Project Leap, has framed the program as a global workforce reset.
- Earlier guidance pegged near-term cuts at roughly 4,000 roles, even as executives flagged plans to hire about 20,000 to 25,000 fresh graduates in 2026.
- Analysts link the restructuring to slower client spending and wider adoption of AI tools, which reduce demand for large trainee-heavy teams.