New Delhi – Bank of America stated in a report, “30 lakh Information Technology (IT) employees may lose their jobs by 2022 due to automation in the sector. This will help the IT companies to save $100 billion (Rs. 7 lakh 33 thousand crore) mostly in salary”.
Indian IT firms set to cut 30 lakh jobs by 2022 due to automation: Report
Faster automation is driven by the shrinking talent pool of high-skilled jobs in developing economies, according to Bank of America report. pic.twitter.com/fPNrbWshlc
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According to Nasscom, around 1 crore 60 lakh people work in IT sector in India. Ninety lakh out of them are employed in low-skilled services and Business Process Outsourcing (BPO) roles.
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