As firms pivot, AI-led layoffs here to stay

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Thousands have been laid off since the beginning of the year globally as companies look to realign workforces in the age of AI. India is no exception and the trend is likely to continue, experts said.

According to Layoffs. fyi, which tracks employee retrenchments globally, jobs have been lost since the beginning of the year at companies such as Microsoft, Intel, HP and Meta.

In India, TCS said last month that 2% of its workforce, about 12,000 people, will be asked to go. Oracle is retrenching employees in phases, said people aware of the matter.



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As firms pivot, AI-led layoffs here to stay


Thousands have been laid off since the beginning of the year globally as companies look to realign workforces in the age of AI. India is no exception and the trend is likely to continue, experts said.

According to Layoffs. fyi, which tracks employee retrenchments globally, jobs have been lost since the beginning of the year at companies such as Microsoft, Intel, HP and Meta.

In India, TCS said last month that 2% of its workforce, about 12,000 people, will be asked to go. Oracle is retrenching employees in phases, said people aware of the matter.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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