Cognizant plans to lay off up to 15,000 employees globally, with India expected to bear the brunt of these cuts. The layoffs come amid a significant shift in the company’s hiring strategy driven by artificial intelligence.
As of early Tuesday, reports indicate that the layoffs are a shock for many IT employees. However, this development also opens doors for fresh graduates seeking opportunities in the tech industry.
Cognizant has launched ‘Project Leap’ as part of its AI hiring strategy. This initiative aims to create pathways for freshers while reducing reliance on traditional IT roles.
The impact of these layoffs reflects a broader trend in the tech sector. Companies are increasingly adopting AI technologies, which significantly alters job dynamics.
Reactions from employees have been mixed. While many experienced workers face uncertainty, fresh graduates express excitement about new opportunities arising from this shift.
The next steps for Cognizant remain unclear. Officials have not disclosed specific timelines or details regarding how the layoffs will unfold.
