HDFC Bank: 3,343 jobs cut
HDFC Bank announced a reduction of 3,343 jobs as part of a workforce restructuring strategy, focusing on transitioning employees from backend operations to customer-facing roles. This shift is attributed to the increased use of AI and automation in banking operations. The total workforce now stands at 211,178 employees.
Conservative
0
Core Estimate
2,507
Upper Bound
3,343
Sources
7,700 jobs cut at India’s top private banks as AI and automation reshape hiring - DETAILS - Technology | ET Now
7,700 jobs cut at India’s top private banks as AI and automation reshape hiring - DETAILS - Technology | ET Now TRENDING : SBI Funds Management IPO Stock Market Live Updates SBI Share Price Apple iPhone 18 Pro Max HCL Technologies Share Price Q1 Results Today Live Alpine Texworld IPO Day Business Conclave Awards 2026 Data Leadership Collective Bandhan Large Cap Fund(G)-Direct Plan 1 Year Return: 3.55 3 Year Return: 14.03 5 Year Return: 13.27 Quant Large Cap Fund(G)-Direct Plan 1 Year Ret