<ul><li>Former HCL CEO Vineet Nayar warns of a significant impact of AI on the Indian IT industry, predicting a 70% reduction in the required workforce due to automation.</li><li>He emphasizes upskilling current employees over mass layoffs, citing ethical concerns and long-term industry sustainability. Nayar sees AI offering opportunities for IT firms to enhance customer relevance and strategic importance.</li><li>However, he cautions against hastily replacing experienced staff with AI-equipped newcomers, highlighting potential long-term consequences. Amidst a proliferation of AI tools like ChatGPT and Copilot, Nayar urges careful consideration to navigate the evolving landscape effectively.</li></ul>

AI will lead to 70% employees getting laid off in India's IT sector, warns former HCL CEO

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