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Cognizant Says AI Creates Jobs, Its Own Restructuring Says Otherwise
Cognizant (NASDAQ:CTSH) is promoting its plans to hire 1,500 U.S. college graduates and expand its AI-focused workforce to 15,000 people, with CEO Ravi Kumar S stating AI will create significantly more jobs than it displaces. However, this comes months after reports indicated the company plans to eliminate 12,000-15,000 jobs globally, primarily in India, as part of an AI-powered service delivery restructuring.
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