The tech industry is experiencing significant layoffs, with companies like TCS, Microsoft, and Meta cutting thousands of jobs, often attributed to AI’s efficiency. TCS’s recent decision to let go 2% of its workforce marks a pivotal moment, disrupting the perception of IT firms as stable employment bastions. The rise of AI-native, outcome-focused IT services firms is reshaping the job landscape, emphasizing the need for AI literacy among employees to remain competitive. Young professionals should adapt by mastering AI tools, blending STEM with humanities to enhance critical thinking, and embracing entrepreneurial ventures. Building a diverse career portfolio and a strong personal brand is essential in this evolving job market. As AI reshapes work dynamics, opportunities abound for those willing to innovate and leverage technology effectively. Ultimately, AI is not a replacement but a tool for unlocking human potential (Jaspreet Bindra, founder of AI&Beyond).
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