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Cognizant's Bold New Commitment: Reaching Two Million by 2030

Cognizant has recently announced an ambitious update to its Synapse initiative, now aiming to enhance the skills of two million individuals by the end of 2030. This updated goal follows the company's success in surpassing its original target of one million people by 2026, showcasing its commitment to developing a highly skilled workforce ready to meet the demands of the digital age.

Meeting the Challenge of a Rapidly Changing Workforce

In today’s fast-paced environment, the rise of artificial intelligence (AI) is dramatically transforming the global workforce. A recent study conducted by Cognizant and Oxford Economics indicates that a staggering 90% of jobs, from entry-level to executive positions, will undergo significant changes due to AI over the next decade. As companies grapple with this transformation, there is an urgent need to elevate skills on a massive scale. Cognizant's Synapse initiative aims to address this critical challenge by mobilizing the entire organization to promote learning and development, forging technology partnerships, and investing in community contributions.

A Focused Effort on Workforce Development

Ravi Kumar S., CEO of Cognizant, emphasized the importance of this initiative: “Expanding our commitment to Synapse marks a significant step in fostering a workforce better equipped for the future. Surpassing our initial goal ahead of schedule reflects the dedication of our teams and partners.” He also noted that the bold target of reaching two million individuals by 2030 underscores the crucial role Cognizant plays in empowering people globally to thrive in the era of AI and reap the benefits of digital transformation.

Breaking Down Barriers to Education

Cognizant aims to set a new standard for workforce preparedness through the Synapse initiative, breaking down socio-economic, cultural, and linguistic barriers. The program supports job seekers, promotes employee-led STEM education, and cultivates strong partnerships with government entities, educational institutions, nonprofit organizations, and industry leaders.

Key Pillars of the Synapse Initiative Expansion

To further its mission, Cognizant plans to enhance several core areas of Synapse, including:

• - Learning and Development Resources: By expanding its training programs, Cognizant aims to increase investment in employee training, develop partnerships with educational institutions, and provide learning pathways for client teams.
• - Brand Learning Programs and Events: Cognizant intends to create branded learning experiences that deliver personalized learning capabilities to client locations, educational institutions, and partner NGOs.
• - Social Impact Initiatives: Cognizant seeks to increase its philanthropic funding to NGOs aligned with the mission of Synapse. Additionally, it will design and implement learning and development programs beneficial for the communities in which it operates.

The Future of Synapse

As Cognizant continues to expand its reach and impact through the Synapse initiative, it is committed to achieving the goals stated at its launch, encompassing skill accelerators, technological partnerships, learning programs, community education, and employee training.

To learn more about the Synapse initiative and how Cognizant is shaping the future of workforce development, visit their dedicated webpage.

About Cognizant

Cognizant (NASDAQ-100: CTSH) is at the forefront of designing modern enterprises. The company assists clients in modernizing technology, reinventing processes, and transforming experiences to stay ahead in a rapidly changing world. Together, they strive to elevate everyday life.

For more information, visit www.cognizant.com or follow them on social media at @cognizant.