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The telecom sector may let over 60,000 employees go by the end of this financial year as a result of consolidation, which is forcing operators, infrastructure providers, tower companies and associated retail units to optimise their staffing, experts said.
However, an industry body said the worst is over and companies are looking to hire in areas such as artificial intelligence and big data.
Some 65,000 telecom sector workers will lose their jobs by March 31, mainly in in the customer support and financial functions, staffing firm TeamLease Services said. These two segments are expected to let go of about 8,000 and 7,000 employees, respectively, it said.