Monday, 15 June, 2026
De-Risking Retail: Electronics Mart Flees Tech Hubs Over AI Layoff Fears
By TechShots Studio
Hyderabad-based Electronics Mart India is diversifying away from software hubs like Hyderabad and Bengaluru, fearing AI-triggered tech layoffs will crush local consumer spending. Seeking to de-risk revenue—currently 60% dependent on Hyderabad’s IT belts—the retailer is investing 1.2 billion rupees to open 20 stores this fiscal year. The expansion shifts focus toward northern and eastern markets, including major pushes into New Delhi and Kolkata.