Cognizant Layoffs 2024 Usa

Cognizant Layoffs 2024 Usa. The company's nexgen program includes $200 million of costs related to the consolidation of office space and approximately $150 million in 2023 and $50 million in. In connection with the restructuring program, cognizant expects to record costs of around $400 million, with $350 million of those costs anticipated in 2023 and.

Cognizant’s strong stock performance in 2023 likely to plateau in 2024 as it spending prospects remain uncertain. It major cognizant, on thursday, said it will lay off 3,500 employees, or approximately 1 per cent of its workforce, as it sees revenues slowing down in 2023.