that 640,000 low-skilled service jobs in the IT sector are at risk due to automation, while only 160,000 mid- to high-skilled positions will be created in the IT and BPO service sectors. Goldman Sachs has predicted that advances in artificial intelligence (AI) could potentially automate the equivalent of 300 million full-time jobs globally.

The tech industry witnessed a significant increase in layoffs in 2024, with companies like Google, Amazon,