Latest news with #post-Y2K
Time of India
7 days ago
- Business
- Time of India
Jobs at Risk: AI's reality check
ETtech India's white-collar workforce has started feeling the tremors of job displacement due to AI with India's largest IT employer Tata Consultancy Services (TCS) announcing it will cut 12,000 roles. While the country's technology industry has weathered several downturns in the past—from the post-Y2K lull to the 2008 financial crisis and the Covid-era freeze—the current shift is unlike any before. AI is rewriting job descriptions, replacing repetitive roles and forcing a reset on what skills are truly futureproof. It's part of a broader trend. Recruitment firms report the erosion of jobs across the board–from finance and insurance to marketing and customer to the World Economic Forum's 2025 Future of Jobs report , the structural labour market shift will impact 22% of today's jobs globally, although it foresees an overall rise. Nearly 8% (92 million) will be lost, while 14% (170 million) new jobs will be created. This will result in net growth of 7% in total employment, or 78 million jobs in 2025-2030, it said. For India, 38% of existing core skills are expected to traditional job pyramid of the Indian white-collar workforce—wide at the base with repetitive roles—is being compressed, experts said. Hiring is becoming more selective, with companies placing a premium on value-creation over and pattern-driven processes are already being replaced with AI's speed and accuracy, said Sachin Alug, CEO of recruitment firm NLB Services. 'We're already seeing it in roles such as customer service agents, data entry operators, invoice processors, and junior audit staff. In many cases, AI handles the first layer of work, such as responses, validations, and summaries, faster and with fewer errors.'The BPO and KPO (business and knowledge processing outsourcing) sectors, India's largest employment engines, are also under pressure. Voice-based customer service agents, chat support, transcription and data-cleaning roles are all at risk due to co-pilots and conversational bots. Nearly 65% of retail jobs and up to 70% of financial reporting tasks could be automated in the coming years, said Neeti Sharma, CEO at recruitment firm TeamLease Digital.'Already, about 30% of global customer service requests are handled by AI, and junior roles in legal and audit are being reduced as AI reviews documents and checks compliance,' she said. The squeeze isn't immediate but seems inevitable.'While these roles are not vanishing overnight, many organisations, especially in captive centres and large shared services setups, are seeing a slowdown or freeze in hiring unless driven by fresh investments or expansion mandates,' said Sanketh Chengappa KG, director and business head, professional staffing at Adecco India. The cascading effect of job displacement is creating higher entry barriers for younger people entering the workforce, he said. It may create urban unemployment clusters, particularly in cities with a high concentration of BPO/KPO jobs, and enhance income inequality. AI disruption isn't confined to entry-level workers. Mid-career professionals are increasingly vulnerable, especially those with 15–25 years of experience in functions now becoming redundant, said Shyam Menon, co-founder of the Bharat Innovation Fund. He noted that this cohort is at risk due to outdated skillsets and limited exposure to newer also noted that the narrative around AI is heavily skewed towards coding and data science. 'This creates a perceived 'tech wall' for professionals in fields like human resources, marketing, sales, and arts,' he said. According to Maya Nair, executive director at Grafton Recruitment India, companies are beginning to prioritise productivity over manpower. 'In manufacturing and healthcare sectors, automation or data entry folks and base level roles in finance, admin, HR are where chatbots are being introduced to provide solutions to queries raised within minutes, which previously took two days by employees doing the same role,' she said.
Economic Times
7 days ago
- Business
- Economic Times
Jobs at Risk: AI's reality check
TIL Creatives India's white-collar workforce has started feeling the tremors of job displacement due to AI with India's largest IT employer Tata Consultancy Services (TCS) announcing it will cut 12,000 roles. While the country's technology industry has weathered several downturns in the past—from the post-Y2K lull to the 2008 financial crisis and the Covid-era freeze—the current shift is unlike any before. AI is rewriting job descriptions, replacing repetitive roles and forcing a reset on what skills are truly futureproof. It's part of a broader trend. Recruitment firms report the erosion of jobs across the board–from finance and insurance to marketing and customer service. According to the World Economic Forum's 2025 Future of Jobs report, the structural labour market shift will impact 22% of today's jobs globally, although it foresees an overall rise. Nearly 8% (92 million) will be lost, while 14% (170 million) new jobs will be created. This will result in net growth of 7% in total employment, or 78 million jobs in 2025-2030, it said. For India, 38% of existing core skills are expected to traditional job pyramid of the Indian white-collar workforce—wide at the base with repetitive roles—is being compressed, experts said. Hiring is becoming more selective, with companies placing a premium on value-creation over volume. Rule-based and pattern-driven processes are already being replaced with AI's speed and accuracy, said Sachin Alug, CEO of recruitment firm NLB Services. 'We're already seeing it in roles such as customer service agents, data entry operators, invoice processors, and junior audit staff. In many cases, AI handles the first layer of work, such as responses, validations, and summaries, faster and with fewer errors.'The BPO and KPO (business and knowledge processing outsourcing) sectors, India's largest employment engines, are also under pressure. Voice-based customer service agents, chat support, transcription and data-cleaning roles are all at risk due to co-pilots and conversational bots. Nearly 65% of retail jobs and up to 70% of financial reporting tasks could be automated in the coming years, said Neeti Sharma, CEO at recruitment firm TeamLease Digital.'Already, about 30% of global customer service requests are handled by AI, and junior roles in legal and audit are being reduced as AI reviews documents and checks compliance,' she said. The squeeze isn't immediate but seems inevitable.'While these roles are not vanishing overnight, many organisations, especially in captive centres and large shared services setups, are seeing a slowdown or freeze in hiring unless driven by fresh investments or expansion mandates,' said Sanketh Chengappa KG, director and business head, professional staffing at Adecco India. The cascading effect of job displacement is creating higher entry barriers for younger people entering the workforce, he said. It may create urban unemployment clusters, particularly in cities with a high concentration of BPO/KPO jobs, and enhance income inequality. AI disruption isn't confined to entry-level workers. Mid-career professionals are increasingly vulnerable, especially those with 15–25 years of experience in functions now becoming redundant, said Shyam Menon, co-founder of the Bharat Innovation Fund. He noted that this cohort is at risk due to outdated skillsets and limited exposure to newer also noted that the narrative around AI is heavily skewed towards coding and data science. 'This creates a perceived 'tech wall' for professionals in fields like human resources, marketing, sales, and arts,' he said. According to Maya Nair, executive director at Grafton Recruitment India, companies are beginning to prioritise productivity over manpower. 'In manufacturing and healthcare sectors, automation or data entry folks and base level roles in finance, admin, HR are where chatbots are being introduced to provide solutions to queries raised within minutes, which previously took two days by employees doing the same role,' she said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Can Coforge's ambition to lead the IT Industry become a reality? BlackRock returns, this time with Ambani. Will it be lucky second time? Amazon is making stealthy moves in healthcare, here's why! The trader who blew the whistle on Jane Street Stock Radar: Globus Spirits breaks out from 9-month consolidation; check target & stop loss for long positions Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 25% Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36% in 1 year
Fashion Value Chain
15-05-2025
- Entertainment
- Fashion Value Chain
How to Rock a Guns N' Roses Concert Look in 2025
Diamonds & Decibels: Style Rules for a Guns N' Roses Concert in 2025 Guns N' Roses are back on tour, and the fashion is louder than the guitars. In 2025, rock style isn't just about reliving the past—it's about redefining it with gemstone glitz, sheer drama, and unapologetic attitude. Here's how to channel the spirit of Axl Rose in a post-Y2K world. 1. Stacked Gemstones > Guitar Solos Skip the subtlety—your accessories should command the stage. Go bold with deep-red garnets, inky black onyx, and moody sapphires. Think chunky chain chokers, layered pendants (dagger shapes are in), and multi-ring stacks. Try This: Stack ruby rings, layer bold necklaces over a black bandeau or vintage tee. 2. Sheer Drama & The Corset Revival The corset is having its most powerful encore yet. Worn solo, under mesh, or with an oversized blazer, this piece brings structured rebellion back into focus. Match with ripped denim or slick leather pants. Pro tip: Ditch the bra. Add a band tee and let the corset shine. 3. Chrome and Chains, Reinvented Metallics are back—but this time they're less industrial, more glam. Chrome trousers, chainmail tops, and high-shine accessories define the mood. Add softness with charm-detailed chain belts or sparkly shoulder-dusting earrings. Trend to try: Chrome nail polish + chain-link accessories = instant edge. 4. Sunglasses at Night? Always. Concert rule: When the lights go down, the shades go up. Colored lenses, narrow cat-eyes, and reflective visors are your ticket to looking like you belong backstage. Pair it with: A slick ponytail, thick hoops, and a heavy dose of attitude. 5. Makeup That Owns the Spotlight This is your chance to go all in—think smudgy liner, vinyl lips, and glitter accents worthy of a festival headliner. This is not the time for 'clean girl' beauty. Update the look: Add neon liner, metallic shadow, or crystal-studded brows. 6. Scent Like a Headliner Finish strong with a signature scent that hits like a bass drop. Opt for bold, genderless notes—leather, oud, patchouli, or tobacco. The goal: Leave a fragrance trail as unforgettable as the encore. Final Note: The modern concert outfit isn't just nostalgic—it's a bold remix of old-school attitude and new-school glam. Whether you're front row or just vibing at the back, dress like the icon you are.
