# Cognizant plans 4,000 job cuts amid AI push, launches Project Leap.

*genai · news · 2026-04-30 · CNBC TV18*

## Key points

- Cognizant may lay off around 4,000 employees, roughly 1% of its global workforce.
- Project Leap will cost $230–320 million and targets AI, automation, and upskilling initiatives.
- The company anticipates up to $300 million in savings from Project Leap within this year.
- Cognizant plans to hire over 20,000 freshers this year despite mid-level job cuts.
- This is the second layoff round since CEO S Ravi Kumar took charge in January 2023.

**Companies:** Cognizant Technology Solutions, Oracle Corporation, Tata Consultancy Services
**Countries:** India, United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/education/cognizant-plans-4000-job-cuts-amid-ai-push-launches-project-leap-ws-l-19896374.htm)

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