US-based Cognizant sees headcount decline by 10,700 to 336,800 in Q4

Cognizant Technology Solutions reported a decline in its workforce during the December quarter, though the US-based IT giant anticipates a return to hiring in every quarter of 2025, signalling an optimistic outlook amid improving demand. The company, which operates on a January-to-December fiscal calendar, released its fourth-quarter earnings on Thursday, followed by a press conference to address its performance.