{"id":1005905,"date":"2026-04-30T09:57:41","date_gmt":"2026-04-30T04:27:41","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1005905"},"modified":"2026-04-30T10:08:38","modified_gmt":"2026-04-30T04:38:38","slug":"cognizant-eyeing-layoffs-earmarks-270mn-for-employee-severance","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/04\/30\/cognizant-eyeing-layoffs-earmarks-270mn-for-employee-severance\/","title":{"rendered":"Cognizant eyeing layoffs, earmarks $270mn for employee severance"},"content":{"rendered":"<p>Cognizant has kicked off a major overhaul inside the company. The IT services giant says it will spend between $230 million and $320 million as part of a restructuring plan called \u201cProject Leap,\u201d with a large chunk of that money going towards employee-related costs. <\/p>\n<p>The announcement came along with the company\u2019s first-quarter results on April 29. The company has not termed this as layoffs, but a severance-heavy budget clearly signals workforce changes as part of the reset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cognizant has kicked off a major overhaul inside the company. The IT services giant says it will spend between $230 million and $320 million as part of a restructuring plan called \u201cProject Leap,\u201d with a large chunk of that money going towards employee-related costs. The announcement came along with the company\u2019s first-quarter results on April 29. The company has not termed this as layoffs, but a severance-heavy budget clearly signals workforce changes as part of the reset.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1005905","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1005905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1005905"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1005905\/revisions"}],"predecessor-version":[{"id":1005952,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1005905\/revisions\/1005952"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1005905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1005905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1005905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}