Cognizant
Technology Teaneck, NJ, USA 350,000 employees
www.cognizant.com Cognizant is a multinational technology company that provides IT services, including digital, technology, consulting, and operations services.
27
Risk Score
7,500
Total Laid Off
2
Layoff Rounds
37%
Layoff Prediction
Positive
News Sentiment
—
Debt/Equity
—
Exec Turnover (12m)
None
Regulatory Scrutiny
Leading
Innovation
About
Cognizant is a multinational technology company that provides IT services, including digital, technology, consulting, and operations services.
Company Size
5000+
~350,000 employees
Geographic Reach
Global
Years Operating
29
Stock Performance
stable
Innovation Insights
Innovation Score
90/100
R&D Activity
High
Competitive Position
Leading
- • AI-driven Business-Process-as-a-Service (BPaaS) solution for claims modernization
- • Cognizant Resilient IT Operations platform
- • Integration of Siemens' PAVE360™ into software-defined vehicle solution accelerator
Layoff Timeline (employees affected)
% of Workforce Trend
Most Affected Departments
April 30, 2026
Initiation of 'Project Leap' overhaul
Multiple departments
💰 Cognizant offered a severance package including 8 weeks of base pay, 3 months of continued healthcare coverage, immediate equity vesting, pro-rated bonus payout, outplacement services, and extended access to employee assistance programs.
4,000
employees
5.3% of workforce
May 3, 2023
Restructuring
3,500
employees
1% of workforce