Tech Transformation: The New Era of Workforce Realignment
The tech industry, driven by AI and automation, is undergoing significant changes as major firms like TCS lay off staff to align with product-based delivery models. Nasscom highlights the trend and stresses the importance of skilling and cross-sector collaboration to maintain competitiveness and manage workforce transitions effectively.
- Country:
- India
India's tech sector is experiencing seismic shifts as Tata Consultancy Services (TCS), the nation's leading IT services company, announces a layoff of over 12,000 employees. This move is part of a larger strategy aimed at transitioning to product-aligned delivery models, a response to escalating client demands for rapid innovation and agility.
Industry body Nasscom acknowledged the layoffs, suggesting that the tech landscape is at a pivotal juncture. The influx of AI and automation is central to business operations, reshaping workforce dynamics as companies strive to become future-ready.
Nasscom emphasizes the necessity of skilling and cross-sector partnerships to mitigate the impact of these changes and sustain India's competitive edge in the AI landscape. With over 1.5 million professionals now skilled in AI and related fields, the focus is on building specialized expertise and adaptability within the workforce.
(With inputs from agencies.)
- READ MORE ON:
- TCS
- Nasscom
- AI
- automation
- workforce
- delivery models
- upskilling
- tech industry
- layoffs
- innovation
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