Cognizant may slash 12,000-15,000 jobs globally; bulk of cuts in India
Cognizant expects to incur $230-320 million in costs under its Project Leap, with $200-270 million set aside for severance and personnel expenses. The company may slash 12,000-15,000 jobs globally, with the bulk of cuts in India.
Cognizant has announced plans to cut 12,000-15,000 jobs globally, with the majority of these cuts expected to occur in India. The company anticipates incurring costs of $230-320 million under its Project Leap initiative. Of this amount, $200-270 million is allocated for severance and other personnel expenses. The job cuts are part of the company's restructuring efforts under Project Leap.
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