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BIZARRE: Cognizant | Mind Blowing Facts

AI Layoffs Reach Record Pace as Tech Giants Attribute 40% of Job Cuts to Automation

AI remains a significant factor in US layoffs, but restructuring has emerged as a leading cause. The labour market is evolving, with AI reshaping tasks rather than directly replacing jobs.

International Business Times UK

US suspends Cognizant’s green-card filings amid visa fraud probe

US suspends Cognizant’s green-card filings amid visa fraud probe

NEW DELHI: The US Department of Labour has suspended permanent labour certification, or PERM, filings by Cognizant and Cloudera as the Trump administration intensifies its crackdown on alleged fraud in employment-based immigration programmes.

The Times of India

IT giants' PERM filings suspended: What does this mean for Green Card applicants?

IT giants' PERM filings suspended: What does this mean for Green Card applicants?

Thousands of foreign technology workers hoping to secure US Green Cards through employer sponsorship are facing fresh uncertainty after the US Department of Labor suspended PERM filings by IT services giant Cognizant and software company Cloudera amid an investigation into alleged fraud and misuse of employment-based visa programmes. Department of…

The Times of India

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Trump’s H-1B crackdown hurts Indian IT, but the industry saw it coming

Indian IT’s H-1B dependence was shrinking well before Donald Trump’s latest immigration crackdown. New H-1B approvals for seven major Indian IT firms fell 70% from 2015 levels by FY2025 as companies hired locally and moved more work offshore. The new fees and enforcement push could now accelerate that shift.

The Economic Times

Cognizant’s US green-card filings suspended amid fraud probe: What it means for employees

Cognizant’s US green-card labour certification filings have been suspended amid a federal fraud investigation, according to Labor Department Inspector General Anthony D’Esposito. The move could delay some employees’ green-card sponsorship, but officials have not disclosed the allegations, number of affected cases or duration of the suspension.

The Economic Times

Trump strikes Indian IT again! Why tech stocks lost Rs 55,000 crore in a single session

Indian IT stocks lost around Rs 55,000 crore in market value after the US suspended Cognizant’s PERM labour certification filings, raising fresh concerns over tighter scrutiny of work visas and alleged visa fraud.

The Economic Times

US suspends Cognizant green card filings

The action came a day after Cognizant announced plans to expand its American workforce. The company said it planned to hire 1,500 US college graduates and increase its Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people.

The Economic Times

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AI reshapes India's IT services sector contracts as clients demand more for less

AI reshapes India's IT services sector contracts as clients demand more for less

Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that the new technology has brought is resulting in shorter contracts.

The Economic Times

Cognizant hires 489 B-school graduates, over 37% from non-STEM backgrounds

Cognizant hires 489 B-school graduates, over 37% from non-STEM backgrounds

Cognizant has hired 489 graduates from 58 B-schools across 37 cities, with over 37% coming from non-STEM backgrounds and more than 42% being women. The new recruits will undergo a two-week Talent Accelerator programme covering business skills, sales, marketing and AI-related work as Cognizant expands its talent pool beyond engineering…

The Economic Times

TurboTax Maker Intuit Leads 3 Cheap, Dividend-Paying Tech Stocks With Up to 151% Upside

TurboTax Maker Intuit Leads 3 Cheap, Dividend-Paying Tech Stocks With Up to 151% Upside

Intuit is one of three cheap, dividend-paying tech stocks flying under the radar, with Wall Street price targets suggesting up to 151% upside for the software giant.

Anthropic Is Only Part of the Story. Cognizant Has a Much Bigger AI Plan.

Cognizant is strengthening its AI consulting business by partnering across leading AI models, positioning itself to benefit regardless of which AI platform ultimately wins.

Cognizant hosts global OpenAI Codex Hackathon for 10,000 employees across six cities in India

Cognizant hosts global OpenAI Codex Hackathon for 10,000 employees across six cities in India

Cognizant launched its first global Codex Hackathon with OpenAI. Ten thousand associates across six Indian cities participated in this event. This initiative aims to build practical AI solutions for enterprise customers. The company plans to extend participation to over fifty thousand associates soon. Cognizant previously set a Guinness World Record…

The Economic Times

Is Wall Street Bullish or Bearish on Cognizant Stock?

Although Cognizant has lagged the broader market over the past year, analysts remain cautiously optimistic about the stock.

Morgan Stanley Just Upped Its Price Target on Cognizant Stock. Here's Why.

Morgan Stanley Just Upped Its Price Target on Cognizant Stock. Here's Why.

Morgan Stanley raises price target on Cognizant stock. But CTSH shares are still under pressure today.

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The Economic Times

Cognizant forecasts weak quarterly revenue amid cautious client spending

Cognizant Technology has revised its third-quarter revenue projections, now falling short of Wall Street's expectations. The cautious stance of clients regarding discretionary IT expenditures and significant investments is evident. With AI adoption gaining momentum, enterprises are focusing more on data center infrastructures than software. The company anticipates its annual revenue…

The Economic Times

Cognizant lifts annual profit forecast on strong financial services growth

Cognizant Technology forecasts third-quarter revenue below Wall Street estimates. Clients remain cautious on discretionary IT spending and large investments. The company expects annual revenue between $22.04 billion and $22.35 billion. This comes after reporting second-quarter revenue in line with estimates. Enterprises are prioritizing data center infrastructure over software as AI…

New alliance targets faster AI adoption

Gulf Edge, the digital infrastructure arm of Gulf Development Plc, and Cognizant, an artificial intelligence (AI) builder and global technology services provider, have announced a partnership to accelerate AI adoption across Thailand and support the country's transition towards an AI-native economy.

International Business Times UK

Uber's AI Push Triggers Second Round of Layoffs in Just Two Months: Who's Affected This Time?

Uber has announced a 10% reduction in its customer service workforce as it restructures operations to integrate artificial intelligence, marking its second major layoff in two months.

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How to Play Cognizant Stock After a Major IBM-Driven Sell-Off

Cognizant’s shares fell after IBM’s disappointing preliminary report shook the consulting sector. Has CTSH become an attractive bargain, or is the recent weakness a warning sign for investors?

The Times of India

Inside details of Trump administration's biggest crackdown on H-1B visa fraud: Human trafficking in the name of fake jobs

H-1B fraud investigation: US authorities are investigating widespread fraud and human trafficking within visa programs. Labor Department Inspector General Anthony D'Esposito said this is graver than some paperwork crime. H-1B visa fraud is fueling violent crime because much of this labor is tied to cartels and gangs.

The Economic Times

120,000 tech jobs cut in 2026 as AI drives Big Tech's reset; India's IT could be next

Global technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies are restructuring teams and automating tasks, even while reporting strong revenues. India's IT sector faces potential job losses as companies redesign their operational strategies. Fresh graduates are experiencing delayed onboarding and withdrawn job offers from major tech…

As Cognizant Links Up with Google on AI Deal, Here’s How to Play CTSH Stock Now

Cognizant is strengthening its AI push with Google, lifting optimism as investors weigh whether CTSH can build on the momentum.

The Times of India

US launches major probe into H-1B visa 'fraud'; Cognizant under scanner

The United States on Wednesday launched a major investigation into alleged H-1B visa fraud, with IT services firm Cognizant among the companies under scrutiny.

Earnings Preview: What To Expect From Cognizant Technology’s Report

Cognizant Technology is set to announce its second-quarter earnings later this month, and Wall Street expects a single-digit rise in its profits.

'It's just his AI and my AI going back and forth' The workplace phenomenon that's undermining human relationships

AI isn’t the problem, says leadership expert Leena Rinne: It’s social connection and emotional intelligence instead.

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