Latest News
Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities
In support of its Synapse initiative, Cognizant’s philanthropic funding reaffirms its long commitment to training individuals for the jobs of the future
TEANECK, N.J., April 11, 2024 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading global technology company, has awarded $70 million in philanthropic funds through 117 grants to 77 organizations globally since 2018. This milestone builds on Cognizant’s long history investing philanthropic dollars into global skilling programs and building partnerships that drive economic mobility for under-represented communities. More recently, Cognizant’s corporate giving effort has been embedded as a key part of the company’s Synapse initiative to train one million individuals for the jobs of the future by the end of 2026.
Cognizant has a deep history of investing in training and educating the global workforce, as well as uplifting underrepresented communities and marginalized groups through pathways to success. As a key part of Cognizant’s recently launched Synapse initiative, philanthropic dollars, community partnerships and volunteerism will aim to help 300,000 individuals make successful career transitions into technology and future forward AI jobs.
Commenting on these initiatives, Tobi Young, Senior Vice President and Chief Corporate Affairs Officer at Cognizant, said, “Cognizant launched Synapse as part of our commitment to skilling and preparing the workforce for AI and the digital economy. We are proud to invest with our nonprofit and community education partnerships to equip individuals with new technology skills, to sustain communities as the digital economy grows, and to improve economic opportunities for all.”
Cognizant focuses its skilling investments on organizations that 1) provide early access to learning and networking; 2) create pathways for individuals entering or advancing their careers in tech, and 3) inspire new ideas that push the technology industry forward in support of skilling. Taken together, these organizations have been instrumental in inspiring, educating, and preparing communities and individuals of all ages to succeed in today’s rapidly evolving workforce. In 2023 alone, a sampling of Cognizant’s global corporate giving includes:
1. Organizations that provide early access to learning and networking, such as:
- Girlstart
- Supporting year-round STEM education for girls. In 2024, Girlstart aims to reach 1,800+ 4th and 5th grade girls through 88 After School programs in Texas, California and Massachusetts as well as 900+ girls in grades 4-8 through 36 thematic, STEM-intensive summer camps.
- Raspberry Pi Foundation
- Supporting the Code Club and CoderDojo programs in the UK, offering free and accessible opportunities for young people to learn how to code and create with digital technology. These clubs are delivered locally by educators and volunteers in community venues such as schools and libraries, and 17,000 students are expected to directly benefit from this investment.
- Year Up
- Supporting Year Up’s direct service and innovative workforce development programs across the country in regions like Atlanta, Austin, Bay Area, Charlotte, Chicago, Dallas, Denver, New York, Phoenix and more. Funding helps enable Year Up to continue implementing their job training programs, explore new program models, and improve internal organizational operations to better serve 4,000+ young adults in 2024.
2. Organizations that create pathways for individuals entering and advancing their careers in tech, such as:
- Blind Institute of Technology
- Supporting the Blind Institute of Technology’s Academy, which delivers industry-relevant technical skills training and credentialling to disabled job seekers who want to increase their wage potential and find meaningful work.
- Code Platoon
- Supporting Code Platoon’s Full-stack software engineering and DevOps cloud engineering training programs in 2024. Since 2016, CodePlatoon has graduated over 500 veterans and military spouses, 74% of whom have found a job within 6 months of graduation.
- ReDI School of Digital Integration
- Supporting the ReDI School of Digital Integration in Germany as it empowers individuals who might otherwise be excluded from the tech landscape. This will contribute to the creation of a diverse, skilled, and interconnected global community. Funding from Cognizant supports the Digital Career Program, which offers high-tech courses for students who want to develop a career in the tech industry, and The Digital Women Program, which works to empower women in tech.
- ICT Academy
- Cognizant Foundation India, under its flagship “Tech4All” initiative has partnered with ICT Academy, Tamil Nadu to train 5,000 underprivileged women graduates with advanced tech skilling by establishing a Centre of Excellence for Women Empowerment in 71 colleges across the Indian states of Karnataka, Kerala, Tamil Nadu, and Telangana. The objective of the project is to empower women graduates with essential industry 4.0 skills and ensure their preparedness for the dynamic job market.
3. Organizations that inspire new ideas that push the technology industry forward in support of skilling, such as:
- National Governors Association Center for Best Practices, Workforce Innovation Network
- National Governors Association Center for Best Practices (NGA Center), Workforce Innovation Network: Supporting Phase III of the NGA Center’s Workforce Innovation Network to elevate public and private sector leaders who are advancing innovative workforce solutions that prepare workers for the jobs of tomorrow. The gift supports convenings of governors’ advisors and state policy makers, as well as thought leadership to advance the field and assistance states aiming to implement best practices.
- Work Shift, AI & Economic Opportunity Reporting Initiative
- Supporting in-depth reporting on the ways that artificial intelligence is reshaping education and work—with a particular focus on whether its use is exacerbating inequalities or opening new doors to economic advancement. The project will zero in on 1) AI’s specific role in building (or hindering) better connections between postsecondary education and work, 2) the potential impacts on economic advancement for people in the bottom half of the income strata, and 3) concrete examples of how AI’s use is already impacting postsecondary education and work.
Cognizant’s Synapse initiative is aimed at preparing and equipping individuals from diverse backgrounds, worldwide, who have lacked access to technology skills to participate and thrive as more jobs become dependent on technology knowhow. Cognizant believes that a key ingredient in sustainability is investing in training and upskilling so that individuals are empowered with the technology skills to maintain their livelihoods and communities. For more information on Synapse, visit here.
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.
For more information, contact: |
||||
U.S. Name Gabrielle Gugliocciello Email [email protected] |
Europe / APAC Name Christina Schneider Email [email protected] |
India Name Rashmi Vasisht Email [email protected] |
Logo – https://mma.prnewswire.com/media/1794711/Cognizant_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/cognizant-has-awarded-70-million-to-advance-globally-diverse-communities-302113684.html
Latest News
dLocal Expands Partnership with Deel to 12 New Countries
Latest News
Climate fintech startup Ekko raises £2m
Latest News
55@Shanghai: International Friendly Guidebook was unveiled worldwide for the first time!
SHANGHAI, May 16, 2024 /PRNewswire/ — To accelerate the development of Shanghai as an international consumption hub, attract more foreign consumers, and expand the market while providing a more diverse and enriching consumer experience, the 55@Shanghai Destination of Shopping global promotion launch ceremony was grandly held on the morning of May 8th, 2024, at the Changning Shanghai Film Art Center.
At the launch ceremony, the 55@Shanghai Destination of Shopping International Friendly Guidebook was unveiled worldwide for the first time. This handbook meticulously outlines Shanghai’s convenient payment methods, diverse experiential venues, city walk routes, and popular exhibition events, among other urban highlights.
Photo – https://mma.prnewswire.com/media/2415398/55_Shanghai_1.jpg
It includes over 1000 featured popular shops, 100+ business and leisure experience destinations, and more than 10 international-friendly shopping centers. Covering the finest ‘eat, stay, travel, entertain, and shop’ local recommendations in Shanghai, the handbook aims to facilitate international connectivity for Shanghai’s business, tourism, and cultural brands.
In the 55@Shanghai International Friendly Guidebook, strategic partners including Bank of China, China UnionPay, China Eastern Airlines, Airport Group, and Ctrip jointly announced activities related to 55@Shanghai Destination of Shopping. Bank of China Shanghai Branch will launch the ‘Blooming Love Shopping Shanghai’ themed event, collaborating with thousands of merchants to offer payment discounts, consumer gifts, credit card points redemption, and other series of promotions.
Additionally, they will introduce a profit-sharing activity called ‘National Trend Pavilion’ on their mobile banking platform. China UnionPay will roll out the ‘Splendid China 5.5 Shopping’ promotion with an investment of 100 million RMB, focusing on eight major scenes including dining, accommodation, transportation, travel, shopping, entertainment, medical, and education. For the 2.3 billion UnionPay cards issued overseas, they will also provide a 200 million RMB rebate on transaction fees.
China Eastern Airlines will introduce convenient measures and attractive products, offering over 550,000 tickets to boost traffic and provide travelers with convenient travel solutions. The Airport Group will set up one-stop service areas at the arrival passenger routes, luggage collection areas, and public areas, enhancing the level of convenience services for inbound travelers and launching various activities and benefits to comprehensively promote the quality and efficiency of consumption in Shanghai. Ctrip Group has planned the ‘Shanghai Express’ exclusive half-day free tour for inbound tourists.
To better convey the charm of 55@Shanghai Destination of Shopping to the world, the 55@Shanghai International Friendly Guidebook has brought together several outstanding companies to become global promotion partners. At the launch ceremony, 15 companies including Bailian Group, Shanghai Metro, Foreign Investment Association, Shanghai Design Week, Tencent Group, and Meituan were honored with the inaugural 55@Shanghai Destination of Shopping Global Promotion Partner title. These global promotion partners will further enhance domestic and international publicity efforts to attract tourists from around the world to experience the 55@Shanghai Destination of Shopping series of activities, jointly contributing to the creation of a friendly and convenient consumer environment.
55@Shanghai Destination of Shopping is the core project of this year’s Shanghai 55 Shopping Festival. Leveraging Shanghai’s position as a global hub for tourism, culture, and sports, it actively expands domestic and international visitor flows. With the theme of ‘Come, Explore, Shop’, the event offers a variety of combined services to help build an internationally friendly consumer environment.
It gathers the distinctive highlights of Shanghai’s business, tourism, and cultural sectors, attracting domestic and international tourists to experience new consumption landmarks, scenes, and formats in Shanghai through precise domestic and international promotion.
Through methods such as the multilingual 55@Shanghai Destination of Shopping international-friendly guidebook, promotion on landmark screens in major cities worldwide, and collaboration with businesses to launch supporting activities, the event has created a key activity matrix for 55@Shanghai Destination of Shopping.
Photo – https://mma.prnewswire.com/media/2415399/55_Shanghai_2.jpg
View original content:https://www.prnewswire.co.uk/news-releases/55shanghai-international-friendly-guidebook-was-unveiled-worldwide-for-the-first-time-302148343.html
-
Latest News6 days ago
“Grand Huangshan” Debuts at the 2024 World Brand Moganshan Conference
-
Latest News6 days ago
AI-powered Panax raises $15m to reshape cash flow management
-
Latest News6 days ago
Yili’s 2023 Revenue Reaches 126.2 Billion Yuan, Leading Global Dairy Industry towards Healthy and Sustainable Development
-
Latest News6 days ago
Egypt’s Swypex launches an all-in-one fintech platform after $4m seed round
-
Latest News6 days ago
Sweden’s Mitigram names Pedram Tadayon as new CEO
-
Latest News6 days ago
Sobha Developers bring to Singapore an Exclusive Dubai Property Showcase
-
Latest News6 days ago
South African fintech Lesaka snaps up Adumo in $86m deal
-
Latest News6 days ago
India has remained a steady ship in choppy waters says DSP Asset Managers