In recent months, major tech companies have engaged in extensive layoffs, alarming many job seekers. Tata Consultancy Services (TCS) cut 12,000 jobs, while Microsoft and Intel planned significant workforce reductions. The current job market turmoil mirrors uncertainties from 2022, spurred by factors like US tariffs, economic instability, and the rise of AI and automation. Experts suggest these layoffs are a result of strategic realignment, emphasizing the need for businesses to adapt. Sectors vulnerable to job losses include IT services, manufacturing, and automotive exports, particularly in non-core functions. However, not all is bleak; demand for AI and tech roles is poised to grow. Professionals are urged to upskill in high-demand areas and build robust networks to enhance job security. Creating multiple income streams and maintaining a financial cushion are essential strategies during this transitional phase in the job market.
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