New Delhi: IT body Nasscom on Friday refuted reports of mass layoffs by IT firms in the country. Workforce realignment linked to performance appraisal processes is a regular feature every year, said Nasscom.
“Skilling and workforce realignment are essential to remain competitive in international markets. It needs to be appreciated that such workforce realignment is a normal part of the internal process of companies based on their own operational imperatives; companies evaluate their priorities and business imperatives and continuously align talent to serve their needs and enhance competitiveness,” the IT body said.
It claimed that no significant changes have been reported or observed this year.
Nasscom claimed that such reports of mass lay offs are incorrect. “In fact the industry continues to be a net hirer with over 1.5 lakh people being employed on a net basis each year, though the focus is shifting from scale to skill. Talent and skills are the key building blocks for the industry which is intensifying investment in in skilling/reskilling its workforce to strengthen its foundation on a continuous basis,” it said.
