Cognizant is set to lay off around 4,000 employees, nearly 1% of its workforce, as it adjusts to changes in the tech industry. The company is facing slower demand for traditional IT services, while businesses are rapidly moving towards AI-based solutions.
The job cuts are part of a larger plan to restructure operations and focus more on artificial intelligence and automation. Cognizant is also increasing investments in new technologies to stay competitive.
The move highlights how companies are reshaping their workforce to keep pace with fast-changing technology trends.