Cognizant to Cut 4,000 Jobs Under ‘Project Leap’ as IT Services Sector Reshapes for AI

Cognizant Technology Solutions (Nasdaq: CTSH) plans to cut approximately 4,000 jobs — roughly 1% of its global workforce — as part of a restructuring programme announced alongside first-quarter earnings on April 29, according to two people familiar with the matter. The company did not publicly confirm the number. Project Leap will cost $230–320 million in […] The post Cognizant to Cut 4,000 Jobs Under ‘Project Leap’ as IT Services Sector Reshapes for AI appeared first on the deep dive.