Vineet Nayar Warns AI Will Hit Jobs, Indian IT Firms Profit-Driven

• Former HCL Technologies CEO Vineet Nayar warns AI will significantly alter India's employment landscape.
• Nayar states Indian IT firms are profit-driven, making job creation secondary to technological expansion.
• Suggests large-scale startup formation and government-backed entrepreneurship are crucial to offset AI-driven job displacement.
• Indian IT stocks have seen market value erosion since 2025 due to investor concerns over generative AI advancements.
• Global executives from Amazon, Ford, Salesforce, and JPMorgan Chase discuss workforce restructuring as AI capabilities grow.