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Kotak Institutional Equities says Indian IT to remain net recruiter, warns on automation

Recent layoffs in Indian IT companies are not different from the past and the sector will remain a net recruiter, but the numbers will be "calibrated" and the impact of automation will be crucial, domestic brokerage Kotak Institutional Equities said.

 
 
To address concerns of regarding reports of massive layoffs, Cognizant President Rajeev Mehta has written to employees of the company.
The Forum for Information Technology Employees (FITE) will be getting itself registered formally as the first union for IT employees in India.
NASSCOM has stated that almost half of the IT sector's workforce in India needs to be trained to keep up with the technological advancements of the field.
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