Economy · World
TCS to hire 80% of new employees with AI skills
Tata Consultancy Services (TCS) plans to hire 80% of its new employees with digital and AI skills, with 25-30% of its 4,500 hires in the second quarter specializing purely in AI. AI-led work currently accounts for 10% of TCS's revenue, and company executives anticipate that growth in AI deals will help sustain profit margins. This comes as McKinsey projects that automation could absorb half of U.S. work hours by 2035, potentially requiring 11 million workers to transition to new occupations, many of whom may lack the necessary skills.
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- Centre (2): Fortune, Mint