Startups may see more AI driven layoffs next year – The Financial Express

With startups laying off around 15,000 employees so far in 2023 amid a funding slump, the next year may see more firings as companies focus more on efficiency and integrating AI capabilities to cut costs. The trend seems to have begun before the end of the year after Paytm on Monday said it has reduced its headcount in the operations and marketing team by implementing AI powered automation in their processes, leading to a 1015% cut in its employee expenses.