Bengaluru-2024-it-layoffs-real-estate-impact

In 2024, Bengaluru's IT sector saw over 50,000 layoffs, primarily due to AI-driven automation.

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Entry-level programmers and software testers were most affected by these layoffs.

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The housing market, especially PG accommodations, experienced reduced demand and financial strain.

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Real estate investors near tech hubs faced declining property values due to reduced occupancy.

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The city's economic stability is challenged, affecting local businesses and investments.

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