Cognizant, an Indian-born, New Jersey–based IT services firm, has Ravi Kumar Singisetti as CEO since Jan 2023. The latest headlines touch AI-driven layoffs and workforce shifts across tech giants, with Cognizant’s position as a large services provider amid this wave.
Microsoft has announced 4,800 job cuts, about 2.1% of its workforce, with Xbox accounting for roughly 3,200 reductions across fiscal 2027 and 1,600 roles eliminated immediately. Xbox will spin out or divest five studios, flatten management and refocus on major franchises as the company shifts resources toward AI and margin improvement.
JPMorgan has restructured its AI leadership, retiring its AI chief and aligning the chief data and analytics office with Global Technology. The changes aim to integrate AI delivery into business units and sustain momentum in AI initiatives, as the bank emphasizes governance and external engagement.
The U.S. Department of Labor has suspended Microsoft, Adobe and several other tech and services firms from the Permanent Labor Certification program amid ongoing investigations into visa practices. Officials say the action targets abusive use of H-1B and PERM processes; Microsoft and others dispute the claims, noting they hire many Americans and compensate fairly. The move affects pending green-card filings and the broader debate over skilled-immigrant hiring.