Sridhar Vembu: IT Industry Diverting Funds to AI, Not Creating New Jobs

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Employment

2 August 2026 at 5:40 pm

Sridhar Vembu: IT Industry Diverting Funds to AI, Not Creating New Jobs

HyperFast News

Summary

Sridhar Vembu stated that the IT industry is not creating new jobs, with funds being diverted to AI and data centre costs, despite avoiding large-scale layoffs.

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