Cognizant, also known as Cognizant Technology Solutions Corporation, is a publicly owned company headquartered in the US. Founded in 1994, it employs approximately 351,530 individuals and reported $21.1B in revenue as of 2025. Specializing in IT Services and IT Consulting, the company offers software engineering services to businesses.
On May 2, 2026, Cognizant reportedly outlined plans to cut approximately 4,000 jobs globally, accounting for about 1% of its workforce, as it aims to leverage artificial intelligence and digital capabilities. This restructuring initiative also includes plans to hire 20,000 freshers, reflecting a broader workforce reshuffle as the IT services major adapts to slowing demand and increasing AI adoption. Earlier on May 2, Cognizant entered into a definitive agreement to acquire Astreya, an AI-first IT managed services and solutions provider, for an undisclosed sum. This acquisition is intended to advance Cognizant's transformation as an AI builder and expand its AI infrastructure foundation capabilities. These moves follow Cognizant's launch of "Project Leap" on May 1, 2026, a strategic organizational change designed to accelerate the company's transition to an AI-first operating model, a program that also reportedly involves job reductions.
Cognizant's customers primarily consist of other media, insurance and hospitals and Health Care companies. Examples of Cognizant's customers include Bell Media, Fortrea and CNO Financial Group. Cognizant has commercial and technical partners like Telstra, Omron Group and Amazon Web Services (AWS). Examples of Cognizant's suppliers include Nvidia, Google and Nexxen.
Subscribe for full access to Cognizant's products in full detail 
