TCS, Infosys, Wipro, HCL, Tech Mahindra, Cognizant to slash 3 million jobs by 2022 due to automation : report
Based on average fully-loaded employee costs of USD 25,000 per annum for India-based resources and USD 50,000 for US resources, this will release around USD 100 billion in annual salaries and associated expenses for corporates, the report says. With automation taking place at a much faster pace across industries especially in the tech space, domestic…