A small percentage of the impacted roles will move to hubs the company is investing in, including India, Chicago, Atlanta and Dublin
The developers, Team Engine, launched the software, Puthi, on Thursday at a press conference in the capital.
Team Engine claimed Puthi would be able to digitalise a page with 95 percent accuracy and make it editable within four seconds.
Speaking at the event, State Minister for ICT Junaid Ahmed Palak said Bangladesh was the 37th nation in the world to have an OCR software. There was no OCR software for the Hindi language as yet, he added.
Team Engine MD Samira Zuberi Himika said she hoped that Puthi would make a crucial contribution in creating online libraries of Bengali books.
Mostafa Jabbar, the creator of Bijoy Bengali keyboard, said Puthi was a major event for Bangladesh as OCR was one of the biggest challenges to computing in Bengali.