Automation impact: Tech Mahindra to reduce BPO staff by 5,000 in FY21 even as revenues grow robustly
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economictimes said that Mumbai: Despite rising revenues, IT major Tech Mahindra NSE -2.42 % is set to reduce its business process services (BPS) headcount by 5,000 to 38,000 in FY 2020-21, as a larger part of the tasks get completed through automation and artificial intelligence. Company executives said there is a “non-linearity” between revenue growth and overall headcount as technology makes it possible for a single individual to accomplish multiple tasks.
The combination of electric vehicle mania and blank cheque companies has proved a volatile one
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The combination of electric vehicle mania and blank cheque companies has proved a volatile one
