IT indistry is not going for big job cuts: Government
The government today said IT industry has assured it that there will be no large scale job losses in the technology sector which continues to demonstrate 8-9 per cent growth.
IT Secretary Aruna Sundararajan said there could be some cases were contracts are not renewed as part of the regular annual appraisal cycle.
Besides, she said, the industry is also undergoing a shift in the job profile given the advent of cloud, big data and digital payments.
“Some of the companies which have been named (as undertaking job cuts) have clarified that there is nothing big this year,” she said on the sidelines of Broadband India Forum event.
Sundararajan added: “As part of annual appraisals, they may not be renewing contract of some people but it is absolutely incorrect to assume that suddenly this year a large number of jobs are being shed.”
The government has categoric assurance from the industry in this regard, she emphasised.
The industry is growing at 8-9 per cent and there is nothing to suggest that the growth is going to slow down “dramatically”.
IT sector, she said, will continue to hire and has added 5 lakh jobs in the last 2.5 years. The issue needed to be looked at “holistically”, she added.