No mass layoffs, IT sector net hirer of 1.5L people: Nasscom
Industry body Nasscom, amid fears of mass layoffs in the Indian IT sector, claimed the industry continues to be a ânet hirerâ with over 1.5 lakh people being employed on net basis every year. Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year.