HDFC Bank: 3,343 jobs cut
HDFC Bank announced a reduction of 3,343 jobs as part of a workforce restructuring strategy, focusing on transitioning employees from backend operations to customer-facing roles. This shift is attributed to the increased use of AI and automation in banking operations. The total workforce now stands at 211,178 employees.
Conservative
0
Core Estimate
2,507
Upper Bound
3,343
Sources
7,700 jobs cut at India’s top private banks as AI and automation reshape hiring - DETAILS - Technology | ET Now
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7,700 jobs down: India’s top private banks’ workforce reduce as tech wonder gets busy - The Economic Times
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