Cognizant CEO is hiring 20K+ graduates and says AI tokenmaxxing is vanity metric
Cognizant CEO Ravi Kumar S. believes that fears of job losses due to AI are exaggerated, stating that the company hired over 20,000 graduates last year and expects to continue this trend. He emphasizes the need for both entry-level positions and leadership roles, while suggesting that AI will streamline middle management. Kumar also critiques the reliance on token consumption as a productivity measure, advocating for a focus on outcomes instead.
- ▪Cognizant hired 20,000 entry-level graduates last year and anticipates further growth in hiring.
- ▪Kumar argues that AI will take over middle management roles, leading to a flatter workforce structure.
- ▪He criticizes the use of token consumption as a productivity metric, calling it a vanity metric.
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For months, the loudest voices in artificial intelligence—including OpenAI’s Sam Altman and Anthropic’s Dario Amodei—warned that entry-level white-collar jobs were headed for extinction. In recent weeks, both have walked back those statements.Recommended Video And according to Cognizant CEO Ravi Kumar S., who oversees a workforce of more than 350,000 employees, the outcry wasn’t just a prediction gone wrong—it was fearmongering. “There was a little bit of fearmongering from reading about the fact that there’s going to be a collapse of jobs,” Kumar said at Fortune’s COO Summit in Scottsdale, Arizona on Monday. “I think there will be more jobs.” Cognizant hasn’t been immune to restructuring and layoffs as it works to transform for the AI era.
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