Cognizant Announces Layoffs Amid Restructuring Efforts
SOURCENews reportView the filing ↗
What we know
Location: Teaneck, New Jersey, USA.
Based on news reporting.
Summary
Cognizant Technology Solutions Corporation has announced layoffs affecting approximately 1,500 employees as part of its restructuring efforts. The layoffs are set to take effect on October 1, 2023, impacting various departments across the company. This decision comes as Cognizant aims to streamline operations and improve efficiency in response to changing market conditions. The company has stated that these layoffs are necessary to align its workforce with current business needs and future growth strategies. Employees affected will receive severance packages and support during the transition period.
LayoffTalk has tracked 12 layoff events at Cognizant Technology Solutions Corporation since February 2025, with 12 additional events known from news reporting.
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