Cognizant may cut between 12,000 and 15,000 jobs globally as part of a major restructuring exercise, with most of the impact expected in India. The possible layoffs are linked to the company’s internal transformation programme aimed at shifting towards an artificial intelligence (AI)-focused business model
Cognizant may cut between 12,000 and 15,000 jobs globally as part of a major restructuring exercise, with most of the impact expected in India, Moneycontrol reported.
The possible layoffs are linked to the company’s internal transformation programme aimed at shifting towards an artificial intelligence (AI)-focused business model.
The move comes at a time when demand for traditional IT services is slowing and companies are increasingly adopting automation.
Most of the job cuts are likely to affect mid-level employees, especially those working in roles that can be replaced or reduced due to AI and automation.
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