Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year. “Skilling and workforce realignment are essential to remain competitive in international markets. It needs to be appreciated that such workforce realignment is a normal part of the internal process of companies based on their own operational imperatives,” Nasscom said in a statement. Over the past few weeks, reports of layoffs across the sector have been making headlines. Estimates suggest that thousands of employees in the sector could be shown the door over the next few weeks.

Source: Mint May 12, 2017 17:26 UTC