It is an established fact that the software industry is being largely influenced by the AI revolution. Several companies are downsizing rapidly to get in tune with their AI based operations.
In accordance with this leading IT infrastructure company Accenture has announced that they have laid off over 11,000 employees till now.
The leading company has already let go off 11,000 people in the last three months itself and warns that more job cuts are on the way. The company implied that these downsizing operations are primarily due to AI based modification in operations.
This could be a part of the larger scheme of things where companies are prioritising AI usage over human workforce. If this Rent continues in the future, then the human workforce in the IT and consultancy sectors could be i