According to the Naukri JobSpeak Index Report, There has been a decline of 21 percent during the hiring in the IT sector during December 2023 against the same month last year and a fall of 4 percent compared to the preceding month of November 2023 while hiring in AI jobs is growing.
Generative AI has revolutionized industries, automating routine tasks while creating new job opportunities. Jobs involving AI development, maintenance, and ethical oversight have surged.
While some repetitive roles have diminished, the demand for skilled workers to collaborate with and oversee AI systems has risen. Upskilling and adapting to the evolving technological landscape remain crucial for job security.
Overall, generative AI has reshaped employment dynamics, emphasizing the importance of human-AI collaboration and fostering innovation in the workforce.
However, a McKinsey report stated that less than 5% of jobs will be lost due to AI, and around 60% of jobs will require adaptation to AI, developing new skills to factor AI into our work, as the tasks we do will change.
The metro cities have seen a decline in the following:
- Chennai 24 percent
- Bengaluru 23 percent
- Hyderabad 23 percent
- Pune 17 percent
- Kolkata 16 percent
On the other end, The hospitality sector and the pharma sector have shown a positive trend as the sector came in strong with a 4 percent and 2 percent respective increase in hiring compared to December last year.
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