High confidence
Apr 29, 2026
Cognizant
−4,000 around 4,000 jobs under 'Project Leap' restructuring
Attribution · verbatim quote
“fostering a workforce that is properly sized, AI-enabled and possesses the skills required for success as well as optimizing our technology footprint, we aim to streamline operations and enhance productivity through AI-led efficiencies, creating a more agile and cost-effective operating model”
Summary
Cognizant announced a roughly 4,000-job restructuring program — internally called 'Project Leap' — at its Q1 2026 earnings, with management saying the goal is to build a 'properly sized, AI-enabled' workforce as the company leans further into AI-led delivery and weaker demand pressures its outlook.
Evidence notes
- · Quote sourced from Cognizant's Project Leap restructuring communications, reported by Mint and The Economic Times in coverage of the Q1 2026 results.
- · Cognizant is HQ'd in Teaneck, NJ but operates a very large India delivery footprint; countries reflect both the US filing entity and India operations where the bulk of staff sit.
- · Mint cites internal sources for the 4,000 headcount figure alongside the public restructuring announcement.