Trend of IT services companies not hiring or reducing headcount will continue for now: Rituparna Chakraborty, TeamLease

economictimes.indiatimes.com:

Rituparna Chakraborty, Co-Founder, TeamLease, says “artificial intelligence, automation, robotics, will get into every aspect of our lives and the way we do things even in our workplaces. But having said that, it does not mean that all jobs are going away. It is a call to action for all of us that the kind of skill sets that we are empowering our youth with, definitely needs to be changed, which means there will be demand for higher skill sets. So, the skill sets with which kids are able to find jobs, is not how it is going to be for our youth for the next five years or the decades that we will see. The sooner we prepare ourselves for this inevitable outcome, the better it is.”
What is the story? I have always seen that a sector like IT only hires, hires, hires, and hires. Now they are not hiring.
Rituparna Chakraborty: We have gotten so used to the technology sector being a net employment generator for the economy that on the face of it, it seems disappointing and shocking to some extent.

But the nature of this business or the path that technology worldwide is pursuing, in any case it is about getting a job done faster, sooner and better with higher accuracy. If you understand the underlying ambition worldwide, that essentially means that there is a certain amount of threat to the type of jobs that we earlier associated with the technology industry with.