Is AI replacing jobs faster than we expected? HDFC Bank has reduced its workforce for the first time in nine years, with over 8,000 clerical and back-office roles disappearing even as management positions increased. Is this just one bank’s restructuring, or part of a much bigger trend already seen at TCS, Infosys, Oracle, Meta and other global companies? In this episode of Kharcha Paani, Shruti breaks down what these job cuts really mean, why AI is impacting bank clerks and back-office employees differently from tech workers, the rise of silent layoffs, the slowdown in fresher hiring, and what this could mean for the future of stable, middle-class jobs in India.
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Production: Shruti
Video Editor: Ved
