India, Oct. 8 -- Global technology is unstable as it is reported with reports of several layoffs in big companies such as TCS, Accenture, Microsoft, and Infosys. Thousands of Indian and other overseas IT employees have been dismissed by companies over the past three months, with the reason being cited as a lack of skills. Companies such as TCS have publicly fired thousands of employees but it is said that the actual count might be significantly larger since they are rapidly moving to cloud-based and artificial intelligence systems.

Despite their huge investment in AI, giant players such as Microsoft, Meta, and Oracle are eliminating traditional positions. This brings up the pressing issue of whether these companies are preparing to emplo...