May 7, 2026
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Cognizant Announces 'Project Leap' Restructuring Plan, Targeting Up to 15,000 Job Cuts

Cognizant Announces ‘Project Leap’ Restructuring Plan, Targeting Up to 15,000 Job Cuts

Business News Desk03 mins mins

The Scope of the Restructuring Cognizant Technology Solutions, a global leader in IT services, has announced a sweeping restructuring initiative known as ‘Project Leap’ that is expected to result in the reduction of between 12,000 and 15,000 positions globally. The layoffs, confirmed by various industry reports this week, are set to disproportionately impact the company’s…

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Coinbase Announces 14% Workforce Reduction in Pivot to AI-First Strategy

Coinbase Announces 14% Workforce Reduction in Pivot to AI-First Strategy

Business News Desk02 mins mins

Coinbase Global Inc. announced on Tuesday that it is cutting 14% of its workforce, a major restructuring move that CEO Brian Armstrong described as a necessary transition toward a leaner, AI-first organizational model. The decision, which affects hundreds of employees across various departments, comes as the cryptocurrency exchange giant navigates a broader market slowdown and…

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