The IT sector in India is undergoing rapid change, driven in large part by the evolution of AI. While this transformation brings new opportunities, it is also impacting mid- and senior-level professionals, people who have dedicated 15 to 20 years to their organizations. Rising operational costs add further pressure, leading many companies to resort to mass layoffs.
In our tradition, such actions are called ‘Adharmik’, against moral and ethical duty. Laying off people who have stood by you through difficult times (especially the pandemic) comes exactly under this act. This act goes against the values of gratitude, humanity, and loyalty. At Ebix & Vikas Group, we consider these values a sacred commitment.
AI Should Support, Not Replace
One of the most common misconceptions about AI is that it will replace humans entirely. In reality, AI is a powerful assistant, capable of handling in minutes the tasks and data analysis that once took hours. It can process information faster, automate repetitive work, and provide insights to support better decision-making.
As a leader in the IT industry for over 26 years, we understand the responsibility to adapt to the rapid changes, including AI. However, our approach doesn’t mean abandoning our people. We will manage our costs carefully, without compromising the well-being of the people who have built our strength.
Our philosophy is simple: technology is best managed by human minds. As Dr. Vikas Garg, Chairman of Ebix & Vikas Group, says, “The wave of AI should not become a wave of mass layoffs. Technology is best managed by human brains, and humans should remain at the center of everything we do. Training, not termination, should be our response”.
Prepare Employees Rather Than Layoffs
Instead of removing experienced employees, we invest in helping them adapt to AI. Two of our business units focus on training employees in emerging technologies, including AI and other advanced tools. It helps in improving their skills and also boosts confidence to adapt and thrive.
Layoffs may offer short-term financial gains, but they can cause long-term damage to trust, something that takes decades to build. A company’s strength lies in its people, and removing them weakens the very foundation of the business.
Shared Responsibility for the Future
While companies have a major role in this, we also believe the government plays an important role, too. By promoting reskilling initiatives, offering incentives for employee training, and fostering a positive environment for technology adoption, we can ensure that India’s talent pool remains strong and competitive on the global stage.
Our Commitment
At EBIX & Vikas Group, we face challenges head-on, with our people at the core of every decision. Because in the long run, putting people first isn’t just the right thing to do, it’s the key to lasting success.
