Meta, Amazon, Oracle & Cognizant: AI layoffs are spreading faster than expected

The AI-driven layoff wave is widening across global tech, and Cognizant may soon join the list of companies cutting jobs amid an industry-wide reset. The IT major is reportedly considering layoffs of up to 15,000 employees globally, with India expected to bear a significant share of the impact.The move comes as tech firms grapple with slower client spending, and a rapid shift towards AI-led delivery models. Cognizant joins a growing list of firms, including TCS, Accenture, HCLTech, Oracle, and Meta, that have announced workforce reductions or restructuring plans linked to AI adoption and cost optimisation.