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Cognizant's New Goals for the Synapse Initiative

Cognizant has recently announced a significant expansion of its Synapse initiative, aiming to upskill two million individuals globally by the end of 2030. Launched in 2023, the original goal was to reach one million people by the conclusion of 2026, a target that has already been met ahead of schedule. This accelerated progress showcases Cognizant's strong commitment to equipping individuals with the necessary skills to thrive in a rapidly changing digital landscape.

The Urgency of Upskilling

The workforce landscape is undergoing a seismic shift, particularly due to advancements in artificial intelligence (AI). According to a study conducted by Cognizant and Oxford Economics, it is anticipated that 90% of jobs across various levels will be disrupted by AI in the next ten years. In light of this, Cognizant recognizes the pressing need for large-scale upskilling initiatives to prepare the workforce for this transformation. The Synapse initiative is designed to meet this challenge by fostering a company-wide drive focused on learning and development, building technological partnerships, and investing back into communities.

CEO Ravi Kumar S. states, "The expansion of our Synapse commitment marks a significant step toward building a more future-ready workforce. We are proud to have surpassed our initial goal ahead of schedule, a testament to the dedication of our teams and partners." He adds that the new goal of reaching two million individuals underscores Cognizant's essential role in helping people succeed in a world increasingly defined by AI and digital transformations.

Breakdown of the Synapse Initiative

Cognizant aims to set new benchmarks for workforce preparedness through the Synapse initiative. By dismantling socio-economic, cultural, and linguistic barriers, the initiative provides support for jobseekers, promotes employee-led STEM education, and cultivates strong collaborations with governments, educational institutions, nonprofit organizations, and industry stakeholders.

The expanded commitment will see Cognizant outlining numerous key focus areas:

• - Learning and Development Resources: By broadening its offerings, Cognizant plans to amplify investments in employee learning while also establishing collaborations with educational institutions. This will culminate in tailored learning pathways for client teams, effectively aligning skills development with industry needs.
• - Branded Learning Programs and Events: The company intends to deliver branded learning experiences that leverage its tailored capabilities, making these sessions available at client offices, educational settings, and nonprofit partners.
• - Social Impact: Cognizant plans to enhance its philanthropic funding to NGOs that resonate with Synapse's mission. Furthermore, it aims to create and host programs that positively impact the communities where it operates.

Looking Ahead

The evolution of the Synapse initiative signals Cognizant's ongoing commitment to creating a workforce that is not only prepared for the challenges posed by modern technology but is also equipped to thrive. As organizations grapple with the implications of AI on job roles, Cognizant's efforts to facilitate upskilling and educational development are more crucial than ever. This renewed pledge will ultimately help propel individuals towards success amid the digital wave and ensure they can participate in the opportunities that arise from the ongoing transformation of the economy.

For more detailed information about the Synapse initiative, visit Cognizant’s dedicated webpage.

About Cognizant

Cognizant (Nasdaq-100: CTSH) is a leading provider of technology services, focused on helping clients modernize their operations, reimagine processes, and transform customer experiences. The company is dedicated to improving daily life through technology. Learn more at www.cognizant.com or on social media platforms @cognizant.