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India's AI-driven tech firings could derail middle class dreams

BBC News

India's showpiece software industry is facing a moment of reckoning. The country's biggest private sector employer Tata Consultancy Services (TCS) - also its largest IT services company - has announced it will cut more than 12,000 jobs at middle and senior management levels. This will reduce the firm's workforce by 2%. The Mumbai-headquartered software behemoth employs over half-a-million IT workers and is considered a bellwether for business sentiment across India's 283bn software industry. It forms the backbone of formal, white-collar employment in the country.

  artificial intelligence, derail middle class dream, india, (2 more...)
  Country: Asia > India > Maharashtra > Mumbai (0.27)
  Industry: Information Technology > Services (0.95)