Nasscom denies mass layoffs, says IT sector net hirer of 1.5 lakh people

It was speaking in the back of media reports of mass layoffs across the sector

India's software industry lobby group Nasscom says that India's IT industry is a net hirer of 1.5 lakh people a year and has denied that there are mass layoffs by IT companies in the country.

"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," the lobby group said in