The wider deployment of AI technology in India is expected to make 15,000-20,000 jobs redundant this year, particularly in coding profiles, system maintenance, and support functions at junior levels.
The wider deployment of AI technology in India is expected to make 15,000-20,000 jobs redundant this year, particularly in coding profiles, system maintenance, and support functions at junior levels.
Artificial Intelligence Will Have Real Job Consequences This Year menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Attrition rates at India Inc decreased to 17% in 2023 from 19.7% in 2022, influenced by a subdued job market, macroeconomic challenges, sector-wide layoffs, and an uncertain future. The IT/ITeS sector experienced the most significant decline, dropping from 21.3% in 2022 to 15.5% in 2023, as per the Deloitte attrition survey exclusively shared with ET. Attrition declined in most sectors, except for a rise in financial services to 32.7% in 2023 from 29.2% in 2022.
India Business News: Despite challenges, the IT services industry in India continues to be the highest paying sector for CEOs, with seven out of the top 10 highest earning