Re-Skilling, Not Layoffs, Will Address New Challenges: Infosys

MUMBAI: Even as the furore over layoffs in the IT sector is yet to die down, Infosys has said re-skilling talent is the answer to rapidly changing technologies in the software landscape.

"It is not that there are tens and thousands of people with experience in new technologies. The idea is to re-skill people. If technology changes and people don't have those capabilities, you've to re-skill them and re-orient them," Infosys, Chief Operating Officer, Pravin Rao told PTI on the sidelines of an industry event last week.

He was responding to a question on recent instances of layoffs in the over $100 billion domestic IT industry.

Last month, India's largest software services provider TCS had said only 1,000 jobs have been axed in the country due to non-performance, clarifying that this is a part of normal working and not due to any mass restructuring exercise as being speculated.

The Tata-group company had said it carries out performance reviews every year, which result in this "involuntary attrition" and added that the overall number of 2,574 includes only 1,000 jobs locally.
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Source: PTI