Jan 31, 2020
Technology has been killing entry-level jobs. Automation is estimated to cut up to 30% of the jobs in India as bots take over repetitive and low-skill tasks. In 2017, for instance, two of India’s largest IT firms, Infosys and Wipro, laid off 11,000 and 3,000 workers, respectively, due to automation. This has made it imperative for professionals to constantly upskill or reskill—or get replaced. In many cases, it is the latter as skilled workers constitute only 2.3% of India’s labour force, according to government estimates.
Ananya Bhattacharya, 'For better or for worse, the pink slip culture is India Inc’s new normal', Quartz India