Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsOpinionTechnology, the creator of the Indian middle class dream, may now end it

    Technology, the creator of the Indian middle class dream, may now end it

    The current bout of layoffs among tech companies may be just a cyclical phenomenon, but looming ahead is the nightmare of artificial intelligence making hundreds of thousands of coders redundant 

    Subir Roy
    January 31, 2023 / 10:54 IST
    The key issue is whether the layoffs are a part of the ups and downs integral to business cycles or whether there is a deeper force at play
    • PRO Panorama

      Moneycontrol Pro Panorama | IPO Paradox: Fundraising soars, returns shrink

      Nov 27, 2025 / 03:36 PM IST

      Moneycontrol Pro Panorama November 27 edition: IMF advises India to keep policy flexible until clarity on US tariff, the banking l...

      Read Now
    Unlock This Article

    Are you a PRO subscriber? Sign In

    What Do You Get

    • Ad free Experience

      Seamless navigation, faster responses.

    • Expert Perspective

      Explore 230+ exclusive editorials every month

    • +

      Uncover Insights from World-Renowned Experts and Journalists

    • Actionable Insights

      40+ weekly investment ideas + 3 to 4 daily technical calls

    • Virtual Events

      Exclusive Live Webinars for Expert Trading & Investment Strategies!

    • Newsletters

      Stay ahead with daily and weekly insights

    View Offers

    Unlock exclusive discounts