29-07-2025
Nasscom expects more layoffs as IT industry faces major transition
India's top IT industry body, Nasscom, which represents India's $268 billion IT services sector, has said that more job cuts may happen in the coming months as the sector goes through major changes, reported The Economics called this period an 'inflection point' for the industry. It said that clients around the world now expect more speed, flexibility, and innovation. As a result, many IT companies are rethinking how they deliver services, and what kind of talent they comes just days after Tata Consultancy Services (TCS), the country's largest IT employer, announced it would cut 2% of its global staff. Around 12,000 mid- and senior-level employees will be let go as the company adjusts its team a statement, Nasscom explained that artificial intelligence (AI) and automation are becoming key parts of business operations. Because of this, older skillsets are being reviewed, and some employees may have to make career the body also shared a hopeful note. It said that tech continues to be a powerful growth driver, and with each wave of change, new jobs and opportunities are created. That's why it's important for professionals to keep learning and updating their industry has already made good progress in this direction. By the end of FY25, more than 1.5 million people had been trained in AI and GenAI-related skills. Out of these, over 95,000 employees in large listed IT companies have earned advanced certificates in areas like AI-native cloud and applied AI takes centre stage, hiring patterns are likely to change too. Companies will now look for deeper domain knowledge and highly specialised job losses may happen in the short term, new roles are also on the horizon. For now, the key to staying relevant in the IT sector seems to be continuous learning and adapting to the future.- EndsMust Watch
