CTSH · 10-Q · 2026Q3 · Full report

Restructuring Charges

COGNIZANT TECHNOLOGY SOLUTIONS CORP · 2026-10-29 · Importance 52 · Surprise 42 · No source text

Cognizant incurred $51 million of Project Leap employee separation and other costs in Q3 2026 and $135 million cumulatively since the program began. The company revised expected total program costs to $180 million–$250 million, including $150 million–$200 million of employee severance and other personnel costs and $30 million–$50 million of other charges. It expects $140 million–$160 million of costs in 2026, with the remainder through Q1 2027, and approximately $200 million of in-year savings in 2026, primarily to fund investments.

Key facts

• Cognizant expects Project Leap total costs of $180 million to $250 million, including $140 million to $160 million in 2026 and the remainder through the first quarter of 2027. source
• Cognizant expects Project Leap cash payments to be made primarily over the same period as the costs, and estimates $150 million to $200 million of employee severance and other personnel-related costs and $30 million to $50 million of other charges. source
• Cognizant recorded $135 million of restructuring charges, or 0.8% of revenue, in the nine months ended September 30, 2026; the charges related to Project Leap. source
• Cognizant recorded $51 million of restructuring charges, equal to 0.9% of revenue, in the three months ended September 30, 2026; the charges related to Project Leap. source
• Cognizant incurred $51 million of Project Leap employee separation and other costs in the third quarter of 2026 and $135 million in total costs since the program began. source
• Cognizant's Project Leap charge estimates, timing and expected savings depend on assumptions including local-law requirements, may differ materially from estimates, and could be accompanied by unanticipated charges or cash expenditures. source

Impact estimates