IT crisis: Nasscom denies layoffs, says sector net hirer of 150,000 people

However, it also says techies will have to re-skill themselves to stay relevant

Nasscom on Thursday refuted reports of mass layoffs in the infromation technology (IT) sector, saying the industry will hire about 150,000 people this year on "net" basis although techies will have to re-skill themselves to stay relevant.

Business Standard, last week, had reported that the country's information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant.

"We categorically reject the reports of mass layoffs in the sector. FY17 saw 1.7 lakh people being added, while in Q4 alone, the gross hiring was of over 50,000 by