AI and Layoffs in India:

1.    Job displacement: AI-driven automation may lead to job losses in industries like IT, customer service, and manufacturing, affecting India's large   workforce.
2.    IT sector impact: India's IT sector, employing millions, might see significant changes with AI adoption, potentially leading to layoffs.
3.    New job creation: AI will create new opportunities in areas like AI development, data science, and cybersecurity.
4.    Upskilling required: Indians need to develop skills in emerging technologies to stay relevant.
5.    Government initiatives: Initiatives like "Make in India" and "Digital India" promote AI adoption and skill development.
6.    Industry-specific impact: Sectors like healthcare, finance, and education may see increased AI adoption, creating new opportunities.
7.    Reskilling focus: Companies and government should focus on reskilling and upskilling workers to mitigate layoffs.
 
Some major companies that have laid off employees in India include:
•        Infosys
•        TCS
•        Wipro
•        HCL
•        Tech Mahindra
These layoffs are largely due to digital transformation and AI adoption. The impact of AI on India's job market will be significant, and proactive measures can help mitigate its effects.
 
Shruti Gupta