Cognizant cuts Project Leap cost estimate to $180–250 million; Q3 headcount rises to 359,900
Key points
- Restructuring cost estimate cut to $180–250 million, most booked in 2026
- Headcount was 359,900 at 30 September 2026, up 3,200 quarter on quarter
- Q3 revenue $5.7 billion; bookings fell 7% and full-year guidance was cut
Cognizant revised its Project Leap restructuring cost estimate, which includes employee severance, to $180–250 million from $230–320 million, with most booked in 2026. Headcount was 359,900 at 30 September 2026, up 3,200 quarter on quarter and up 10,100 year on year. Technology services voluntary attrition fell to 12.6%. Q3 revenue was $5.7 billion, up 4.8% in constant currency; bookings fell 7% and full-year revenue guidance was cut.
What employers should do
- Track how peer restructuring affects the talent market
Original report: View source ↗Edited with AI assistance. Facts are based on official sources and original reports.