Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years (Reuters)
125d ago
Technology
Techmeme
Experts predict that Tata Consultancy Services' (TCS) recent layoff of 12,000 employees may be the beginning of a larger trend driven by artificial intelligence. This trend could potentially eliminate approximately 500,000 jobs within India's $283 billion IT sector over the next three years. The shift highlights the increasing impact of AI on the industry and raises concerns about widespread job displacement in the outsourcing sector.