The immediate fallout from this announcement is significant. The company cites its AI hiring strategy as a reason for these layoffs, which have shocked many long-time employees. Yet, amidst this turmoil lies a silver lining—new opportunities for fresh graduates looking to enter the industry.

Key facts:

• Cognizant plans to lay off up to 15,000 employees globally.
• India is expected to bear the brunt of the layoffs.
• The layoffs are a shock for IT employees but a celebration for freshers.

Cognizant has launched ‘Project Leap’ as part of its strategy to adapt to an AI-driven market. This initiative aims to pivot towards hiring fresh talent who can navigate and innovate within this evolving landscape. It’s intriguing—while some seasoned professionals face uncertainty, freshers are poised to step into roles designed around new technologies.