Nasscom rubbishes reports of mass layoffs by Indian IT firms

Bengaluru: The top Indian IT industry body Nasscom on Friday rubbished all reports that claimed that the Indian software companies were planning mass layoffs soon.

"Recent media reports of mass layoffs by IT companies in India are incorrect," said the National Association of Software and Services Companies (Nasscom) in a statement here.

Claiming that the industry continued to be a net hirer, with over 1.5 lakh people being employed on a net basis each year, the apex IT body said the focus was shifting from scale to skill.

"Talent and skills are the key building blocks for the industry, which is intensifying investment in skilling or re-skilling its workforce to strengthen its foundation on a continuous basis," said Nasscom.

Also Read: Infosys soon to expel several techies for ‘non-performance’

Noting that workforce realignment linked to performance appraisal processes was a regular feature every year, the industry watchdog said skilling and workforce realignment were essential to remain competitive in international markets.

"Workforce realignment is a normal part of the internal process of companies based on their operational imperatives," pointed out the statement.

Companies evaluate their priorities and business imperatives and align talent to serve their needs and enhance competitiveness.

"No significant changes have been reported or observed this year," the statement added.