India’s TCS chair says AI agents may equal headcount, dampen hiring

BENGALURU: India’s largest software services exporter Tata Consultancy Services expects IT companies to slow down hiring, as the company moves towards having an equal number of employees and AI agents in its workforce, Chairman N Chandrasekaran said at the company’s annual general meeting on Tuesday.

India’s $315-billion IT sector has been grappling with investor concerns that AI could disrupt its traditional, labour-intensive business model. ‌The industry, one ⁠of India’s ⁠largest private sector employers, has already slowed down hiring with geopolitical turmoil also denting client demand.