Bengaluru, April 29 -- Cognizant Technology plans to cut about 4,000 jobs, or roughly 1% of its workforce, according to two people with knowledge of the matter, as slowing demand and a push toward automation weigh on growth and prompt the company to lower its full-year outlook.

"In the second quarter of 2026, we introduced Project Leap, a program designed to accelerate our transformation to the operating model of the future by funding investments in our integrated offerings, AI (artificial intelligence) capabilities and partnerships, reshaping productivity through competitive offerings and upskilling our workforce," Cognizant said in a press release on Wednesday.

During the company's post-earnings analyst call on Wednesday, management s...