#job-cuts
Cognizant eyes up to 15,000 job cuts, India likely to see biggest impact
The possible job cuts come at a time when many large IT firms are restructuring Slower spending by clients rising automation and the growing use of AI are changing the way companies operate
Mark Zuckerberg says Meta is cutting 8,000 jobs to pay for AI infrastructure — insatiable compute demand means the company can't rule out further headcount reductions
Meta spent $72.2 billion on capex in all of 2025. The midpoint of its new 2026 guidance would nearly double that figure in a single year.
Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook
Cognizant’s Project Leap restructuring targets $300 million in savings and margin expansion, even as the company lowers full-year guidance amid a softer demand environment.