HDFC Bank Reduces Workforce by Over 3,000 as It Shifts to AI Automation
India's largest private bank, HDFC Bank (ticker: HDFCBANK.NS), reduced its workforce by over 3,000 employees in the March financial year due to increased automation and digital transformation. The reduction was primarily among non-supervisory staff as routine tasks were shifted to AI-driven systems.
Topics: AI automation banking job_cuts