Days after Paytm carried out synthetic intelligence (AI)-driven layoffs, the corporate’s founder and CEO, Vijay Shekhar Sharma, in a put up on X, predicted that many roles, at the moment executed by people, could have been ‘mass industrialised’ by synthetic intelligence (AI) ‘in the next five years.’
“Overall AI impact around us is grossly underestimated. Mass industrilisation (done by machines) of so many, currently human jobs is expected in next 5 years,” Sharma posted on X on Saturday.
In a separate put up, made on Friday, the entrepreneur expressed amazement at AI-created ‘influencers’ producing ‘more than ₹80,000 per post.’
Paytm layoffs
The Noida-based fintech main slashed its workforce by relieving an unspecified variety of staff, although a couple of reviews put this determine at ‘over 1000.’
“We will be capable to save 10-15% in worker prices as AI has delivered greater than we anticipated it to. Additionally, we continually consider circumstances of non-performance all year long. Insurance and Wealth can be a logical growth of our platform, in continuation of our concentrate on the present companies,” One97 Communications Limited, Paytm’s mother or father agency, mentioned in an announcement on the layoffs.
As per Entrackr, One97 beforehand diminished its workers power in 2021 and 2022, when 4080 and greater than 20,000 staffers obtained laid off.
Source web site: www.hindustantimes.com
