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Bengaluru, known as India's tech hub, faces significant challenges due to the rise of AI. The city, once a beacon for IT jobs, is witnessing a rapid replacement of low-skill roles by automation, affecting its workforce. Major companies like HCLTech and TCS are reevaluating their business models in response to these changes.
The impact of AI extends beyond tech jobs, threatening various sectors including finance and legal services. While some industry leaders remain optimistic about new opportunities arising from AI, the potential for mass job losses looms large. The city's economy, heavily reliant on disposable income from tech workers, may face a downturn if hiring continues to slow.
• Bengaluru's low-skill IT jobs are rapidly being replaced by AI automation.
• Major IT firms are reevaluating their business models due to AI's influence.
AI automation is replacing low-skill, repetitive IT jobs at an alarming rate.
IT firms are shifting from charging based on workforce size to linking fees to outcomes.
Upskilling in AI and machine learning is essential for the workforce to remain relevant.
HCLTech is adapting its business model to cope with the influence of AI on jobs.
TCS is experiencing workforce shrinkage as it focuses on AI and automation.
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