Nasscom Rubbishes Report Projecting 3Mn Job Losses In IT Sector

Nasscom president Debjani Ghosh refuted the PTI report claiming three million job losses in India’s IT sector by 2022. The PTI story cited a Bank of America report saying: “Tech giants including TCS, Wipro, Infosys, Tech Mahindra, HCL and Cognizant and others appear to be planning for a 3 million reduction in low-skilled roles by 2022 because of the Robot process automation (RPA) up-skilling.”

 “Seriously don't get why publications don't verify data and use the right source! Not only r tech cos increasing workforce, but we have more demand than supply in several emerging areas like data analytics etc. We need keep up and upskill fast  .. the jobs exists,” tweeted (sic) Debjani Ghosh.

Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to the Bank of America report quoted by news outlets.

Meanwhile, India.com carried a story claiming the report is from Nasscom: “As automation is moving at a much rapid pace across industries, notably in the IT-sphere, domestic software enterprises with over 16 million employees are on track to cut headcounts by a colossal 3 million by 2022, saving them a phenomenal USD 100 billion in salaries every year, as per the NASSCOM report.”

However, NASSCOM has cleared the air and tweeted from its official handle: “We would like to clarify that the data points shared in this article by @indiacom are not from any NASSCOM report.The industry has & will continue to be a net creator of jobs & is committed to people-centric innovation, & relentless talent focus.”