New Delhi, Sept. 21 -- The job market is undergoing a churn. Multinationals are cutting roles, particularly in IT, even as new opportunities emerge in manufacturing, semiconductors, global capability centres (GCCs) and niche artificial intelligence (AI) areas. As AI-led transformation resets workforce needs, broader structural changes are reshaping the employment landscape. Mint explains

Yes. Global majors including Oracle, PayPal, Amazon, Adidas and Meta have together trimmed 12,000-15,000 roles in India in the last 12 months as part of worldwide cuts, taking total global reductions to more than 100,000 jobs. Domestic IT firms such as TCS have also reduced headcount.

According to global layoffs tracker layoffs.fyi, around 122,000 peopl...