<ul><li>Cognizant's headcount shrank by 7,600 employees to 3.4 lakh employees in the 2023 financial year compared to the corresponding period last year.</li><li>The reduction was significant in India and onsite, attributed to macroeconomic challenges and prolonged decision-making cycles. Voluntary attrition eased to 13.8%. The company anticipates $70 million in costs for its NextGen program, focusing on operational simplification and office consolidation.</li><li>Embracing AI technologies, including GenAI, Cognizant aims to enhance client offerings and internal operations, training 137,000 employees in digital skills. It acquired Thirdera for $430 million to bolster its ServiceNow expertise.&nbsp;</li></ul>

Cognizant headcount declines by 7,600 to 3.4 lakh

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