Robots Rise
The CEO of Raymond, Sanjay Behl, revealed in an interview to a business newspaper that the company is planning to replace 10,000 of its employees in the manufacturing division with robots within the next three years. The company currently employs 30,000 personnel in 16 manufacturing plants and plans to scale down to 20,000 by using technological innovations. The advent of artificial intelligence and increased use of automation is expected to bring about considerable job cuts in India and around the world.