Cognizant Cuts Project Leap Cost Estimate
IT services firm Cognizant has lowered its cost estimate for Project Leap to $180 to $250 million. Its headcount rose by 10,100 year on year, while quarterly employee separation costs were $46 million. The CEO says over half its code is now AI-assisted.
Context
Context: Cognizant is one of India's large IT services companies, building and running software for global clients. Indian IT firms employ many engineers, so changes in hiring and AI use affect a big part of the tech job market.
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