Artificial Intelligence Threatens 3000 Software Engineering Jobs at Wipro

Indian IT outsourcing firm Wipro is deploying its artificial intelligence platform Holmes to perform tasks currently handled by 3,000 of its software engineers. The Bangalore-based outsourcing company will automate some of its services related to so-called ‘fixed-price projects’, freeing up engineers and saving up to US$46.5 million, Indian business daily Mint reports. It is not clear whether these freed engineers will be dismissed or re-trained to perform different tasks within the organization. Approximately 30,000 of Wipro’s delivery workforce are engaged in fixed-price projects. The company has over 150,000 employees, including 110,000 in delivery. Wipro is also hoping to generate US$60-$70 million in revenue by selling some artificial intelligence applications to new and existing clients this year. With their margins in traditional outsourcing businesses rapidly eroding, India’s IT services firms are increasingly turning to emerging technologies. They appear to…

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