The Today’s Chanakya Exit Poll 2026 projections suggest a clear electoral trend across major states, with the Dravida Munnetra Kazhagam (DMK) likely to retain power in Tamil Nadu, while the Bharatiya Janata Party (BJP) is expected to secure a dominant victory in West Bengal and maintain a strong
FDI norms soon for companies with part-Chinese stakeThe Cabinet on March 10 allowed the automatic approval route for overseas investors with up to 10% ownership from countries sharing a land border with India Updated on: May 01, 2026 6:53 AM IST By Rajeev Jayaswal Share via Copy link The government
The Calcutta High Court on Thursday reserved its order on a plea by the Trinamool Congress challenging the Election Commission’s decision to mandate the deployment of Union government employees as counting supervisors during the West Bengal election results, Bar and Bench reported
The first edition of The Economic Times ET GenAI Hackathon has wrapped up, with winners announced after participation from over 54,000 registrants nationwide. The three-phase competition showcased innovative GenAI solutions, awarded a ₹10 lakh prize pool
OAKLAND, Calif. — Elon Musk on Thursday sparred with an attorney for OpenAI during his third day of testimony in the contentious trial over the company's pivot from nonprofit status to a for-profit venture valued at hundreds of billions of dollars
Cognizant Layoffs
Cognizant Layoffs: Why Is IT Giant Planning To Cut 4,000 Jobs Or 1% of Its Workforce?
Cognizant’s move coincides with the rollout of ‘Project Leap’, a transformation programme aimed at boosting AI investments, strengthening digital capabilities and reskilling staff.
IT major Cognizant Technology is planning to cut nearly 4,000 jobs, or about 1 per cent of its workforce, as part of a broader restructuring effort, Mint has reported citing two people with knowledge of the matter. It added that the company has also lowered its full-year outlook amid an AI push and demand slowdown.
The move coincides with the rollout of ‘Project Leap’, a transformation programme aimed at boosting investments in artificial intelligence, strengthening digital capabilities and reskilling employees. Cognizant expects the initiative to cost between $230 million and $320 million, including $200–270 million in compensation and personnel-related expenses. However, it anticipates savings of up to $300 million this year from the programme.
While the company has not officially confirmed the scale of layoffs, its management indicated during a post-earnings analyst call that it plans to hire over 20,000 freshers this year, according to the report. This points to a likely shift in workforce composition, with reduced reliance on mid-level roles as automation and AI adoption accelerate.
Cognizant’s headcount stood at 357,600 at the end of March 2026, reflecting a net addition of 6,000 employees.
Industry experts say the restructuring aligns with a wider trend in the IT services sector. Phil Fersht noted that companies are increasingly moving away from labour-intensive delivery models toward automated services, with greater emphasis on AI, consulting and industry-specific offerings.
This marks the second round of job cuts under CEO S. Ravi Kumar, who assumed office in January 2023. Earlier, the company had eliminated about 3,500 roles, primarily in non-billable functions.
Experts also highlight cost discipline as a key driver. Peter Bendor-Samuel said the company is curbing discretionary spending, including travel, while adjusting to AI-led disruption.
In its latest quarterly results, Cognizant reported revenue of $5.41 billion, up 1.5% sequentially and 5.8% year-on-year, broadly in line with estimates. Net profit came in at $662 million, slightly higher sequentially but marginally lower on a yearly basis, while operating margin slipped 40 basis points to 15.6%.
The development follows similar actions across the sector, with Oracle Corporation and Tata Consultancy Services also announcing workforce reductions in recent months.
Source: News18.com
Related Posts: Cognizant to hire about 25 Cognizant advises BYOF for employees Why Google, Microsoft, Intel And Cognizant Are Betting Big On India TCS, Cognizant Among 10 Firms Queried By US Senators On H-1B Use Despite Job Cuts Cognizant Announces 100% Bonus Payout After Early Target Achievement No Layoffs At Infosys After 11,000 layoffs, Accenture says use AI at work or else no appraisal for you Citigroup layoffs Amazon accidentally sends email confirming layoffs Meta Layoffs 2026
Chris Wood almost led Nottingham Forest to the Champions League last season. After six months out, he could yet do it this time. The striker's unstoppable penalty gave Forest a narrow first-leg lead in their Europa League semi-final tussle with Aston Villa on Thursday
Just now
Cognizant’s move coincides with the rollout of ‘Project Leap’, a transformation programme aimed at boosting AI investments, strengthening digital capabilities and reskilling staff. IT major Cognizant Technology is planning to cut nearly 4,000 jobs, or about 1 per cent of its workforce
Just now
Air travel between India and Qatar is set to regain momentum after an extended period of disruption, with key Indian airlines preparing to restart operations at Hamad International Airport, Doha. After nearly two months of severely restricted air traffic in the region
Just now
Gujarat Titans secured a four-wicket victory over Royal Challengers Bengaluru. Gujarat Titans chose to field first. Royal Challengers Bengaluru were bowled out for 155. Gujarat Titans chased down the target with 25 balls remaining. Shubman Gill and Jos Buttler played key roles in the chase
Just now
Tamil Nadu Exit Poll: Superstar Vijay’s TVK projected for historic debut with 120 seats; a new MGR-style rise? Tamil Nadu exit polls 2026: A dramatic transformation is imminent in the politics of Tamil Nadu. As per the Axis My India exit poll, the newly formed political party of superstar Vijay
Just now
TRAI pushes for tech that enables real-time accident alerts, traffic monitoringThe technology will be enabled by on-board wireless communication devices and can allow features for safety, such as warning drivers of an impending collision. Updated on: May 01
Just now
Uttar Pradesh Chief Minister Adityanath in a column in the Indian Express on April 28 headlined “Story of new UP” spoke of restoring “dignity, belonging, and hope” to the state. No child of Uttar Pradesh “should ever feel compelled to leave home in search of dignity and opportunity”
Just now
Adani Ports Q4 Results: Adani Ports posts strong Q4 results with profit up 10 per cent and revenue surging 26 per cent, while outlining ambitious plans to double growth by 2030. Adani Ports Q4 Results: Adani Ports and Special Economic Zone, closed the March quarter on a strong note
Just now
China will scrap tariffs for all African countries from Friday – except Eswatini, which maintains ties with Taiwan. As of December 2024, China had already implemented a duty-free policy for 33 least-developed African nations. The policy now covers 53 countries
Just now
How two months of war in West Asia hit global markets and the economyHere is a look at the war's impact so far on global financial markets and the economy. Updated on: May 01, 2026 6:18 AM IST By Sreedev Krishnakumar Share via Copy link Two months after the US-Israel war with Iran began on February
Just now
Sugar-free products with sugar. ‘Real’ juices with artificial ingredients. Misleading food ads are fuelling a public health crisis in India. Help Scroll expose the systemic failure. Support our investigation.Sugar-free products with sugar. ‘Real’ juices with artificial ingredients
Just now
On April 29, the second day of polling in West Bengal, a viral video from the state showed a group of men assaulting others in a narrow lane. Strikingly, Central forces patrolling the lane watched the violence, without intervening. Media reports described it as a clash between workers of the
Just now
Prosecutors in California have filed a criminal charge against Britney Spears over her arrest last month for allegedly driving under the influence. The pop star is facing one misdemeanour count of driving under the influence of any alcohol and drug
Just now
US jobless claims dropped significantly last week, falling below 200,000. This occurred despite ongoing economic challenges, including the war in Iran and elevated oil prices. Consumer prices have also seen a substantial monthly increase. The Federal Reserve maintained its benchmark interest rate
Just now
All Maharashtra council candidates to be elected unopposed after Congress opts outOf the ten seats, nine are due for biennial elections as sitting members retire on May 13. Published on: May 01, 2026 6:52 AM IST By Faisal Malik, Saurabha Kulshreshtha Share via Copy link All candidates contesting
Just now
OnePlus Pad 4 arrives in India with a big 13,380mAh battery: Price, specs, featuresThe OnePlus Pad 4 will be up for grabs in India starting May 5. Users will get an instant discount of ₹5,000 on its purchase. Updated on: Apr 30, 2026 4:55 PM IST Share via Copy link You may be interested in 11%
Just now
The Supreme Court has reserved its judgment on a plea for anticipatory bail filed by Congress leader Pawan Khera. The case involves allegations of defamation and forgery against the wife of Assam's Chief Minister. Khera argues his statements only constitute defamation
Just now
As planting season dawned across South East Asia's rice fields, Suchart Piamsomboon, a 60-year-old farmer from Thailand's Chachoengsao province, went to the local shop for fertilisers. And, he was told, it might not arrive. Even if it did, it would cost over 1
Just now
Following the completion of the voting in the second phase of the West Bengal Assembly elections on Wednesday, the exit polls for the five states, in Assam, Kerala, Puducherry, and Tamil Nadu, are out. In 2026, most pollsters are of the opinion that the BJP will retain power in Assam and Puducherry
Just now
From the latest Yellowstone spin-off to a new take on William Golding's classic novel about violent schoolboys, and a supernatural series produced by the Stranger Things creators – these are the best series to watch and stream. Jack Thorne, writer of the brilliant series Adolescence and the hit
Just now
UGC NET Registrations: There has been a major change in the eligibility criteria this year. Students with a four-year undergraduate degree (FYUGP) can also appear for NET. UGC NET June 2026: The National Testing Agency has released the UGC NET June 2026 notification
Just now
Indian techie with ₹40 lakh loan forced to return after H1B setback, says job market feels ‘brutal’An Indian techie returned from the US after an H1B setback, faced a tough job market and struggled with a ₹40 lakh loan. Published on: Apr 30, 2026 9:44 PM IST By Mahipal Singh Chouhan Share
Just now
Iranian President Masoud Pezeshkian has condemned ongoing military and economic pressure on Iran, arguing that measures such as the US naval blockade of its ports are effectively a continuation of hostile actions against the country In a post on X on Thursday, Pezeshkian said
Just now
The Vande Bharat will stop at only four stations: Jammu Tawi, Shri Mata Vaishno Devi Katra, Banihal, and Srinagar. Pilgrims headed to Vaishno Devi get a direct pick-up at Katra. The wait is finally over. Today, April 30, 2026, Railway Minister Ashwini Vaishnaw flags off the Jammu–Srinagar Vande
Just now
What if The Devil Wears Prada characters were tarot cards?Tarot reader Kishori Sud did something fun and decoded the characters of The Devil Wears Prada as tarot cards, based on their personality. Published on: Apr 30, 2026 8:40 PM IST By Kanakanjali Roy Share via Copy link After a long 20-year
Just now
Both Reliance Jio and Bharti Airtel compete directly across almost every telecom service in India, and their Rs 355 prepaid plans are no different. This price point is not for everyone, as the 30-day validity makes it a relatively expensive option compared to plans that offer daily data limits
Just now
How many NBA titles does Klay Thomson have? Rings and achievements sparks buzz amid Megan Thee Stallion rowKlay Thompson has gained public attention following his breakup with Megan Thee Stallion. The NBA star has won four championships with Golden State. Published on: May 01
Just now
