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India tech giant TCS layoffs herald AI shakeup of $283 billion outsourcing sector
INDIA, AUG 8 – Tata Consultancy Services plans to cut 12,000 jobs due to AI-driven automation risks in coding roles, highlighting Indian IT firms’ missed innovation opportunities, experts say.
- Indian outsourcing giant Tata Consultancy Services' decision to cut over 12,000 jobs signals the start of a broader AI-fueled trend that could end up eliminating around half a million jobs in the $283 billion sector over the next two to three years.
- The industry, which has played a crucial role in creating a middle class in India, is increasingly seeing AI being used for everything from basic coding to manual testing and customer support.
- Experts warned that more layoffs are likely on the cards, with about 400,000 to 500,000 professionals at risk of being laid off over the next two to three years as their skills don't match client demands.
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India tech giant TCS layoffs herald AI shakeup of $283 billion outsourcing sector
Indian outsourcing giant Tata Consultancy Services' decision to cut over 12,000 jobs signals the start of a broader AI-fueled trend that could end up eliminating around half a million jobs over the next two to three years from the $283 billion sector, experts said.
·United Kingdom
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TCS layoffs show Indian IT giants have missed the bus, job loss and pain ahead
No one is willing to say it loudly but it is clear that the nature of IT work is changing due to artificial intelligence. And it is changing in a way that may not turn out to be favourable for our IT giants.
·India
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Total News Sources16
Leaning Left3Leaning Right5Center4Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 25%
C 33%
R 42%
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