To improve and support science, technology, engineering, maths (STEM) and digital education skills for the students and employees in the US, the Cognizant Technology Solutions is establishing a new non-profit foundation with a preliminary grant of US $100 million.
The establishment will help in the funding of STEM education and conduct skills programs, public-private partnerships and many more. That will in turn help high school graduates, community college and college students, military veterans and several others build their technological skills for digital technology jobs.
Last year, the major IT service provider added more than 6,000 US workers and considering the expansion of its US workforce by a minimum of 25,000 over the next five years.
Cognizant said: “The grant to the new foundation is a result of anticipated benefits due to recent changes in US tax laws.”
“The new foundation will focus on funding education and skills programs in multiple cities and states to help improve opportunities for US workers and students.”
Francisco D’Souza, CEO of Cognizant said: “The Cognizant U.S. Foundation will directly address the existing technology skills gap through innovative programs focused on educating a wide range of Americans and preparing them to thrive in the digital era.”