- Published on December 27, 2024
- In AI Features
Indian Fintech Founders Expect Up to 50% Layoffs Driven by AI
65% of the fintech founders believe anywhere around 30-50% of job loss occurs in the L1 category, which is the first line of support, including the help desk or global services desk.
- By Mohit Pandey
The fear of layoffs is palpable among Indian developers. AI takes it to new heights, especially considering that the financial industry or BFSI (banking, financial services, and insurance) is always on the verge of making its developers, quite ironically, bankrupt. In the next few years, we are expected to see an even bigger impact of AI on the fintech industry.
If automation is already underway in the fintech industry, this begs the question of how the job market will be affected. To understand the same, Abhishant Pant, a full-time investor and founder of The Fintech Meetup, reached out to over 100 fintech founders, over 50 BFSI, and several VCs over the last week to understand the upcoming change in the landscape over the next three years.Â
As per the results of the survey t
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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