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IT sector to cut nearly 6.4 lakh jobs by 2021

New Delhi: US based research firm HfS says, in the next 5 years IT sector might lose about 6.4 lakh ‘low-skilled’ jobs to automation. For its part, IT industry body The National Association of Software and Services Companies (Nasscom) said that the report may not have taken into account all the jobs being created by newer technologies.

Sangeeta Gupta, senior vice president at Nasscom told “Nobody’s really seen what automation and robotics will really lead to. There will be some impact of automation but overall we believe that technology adoption will actually lead to more job creation across sectors. Focus on talent increasingly has to be on skill and not scale. Jobs will exist in other places also, it’s not fair to say these many jobs will get eliminated.”

The HfS report is based on a survey of 1477 industry stakeholders. Though IT industry executives accept that automation will cause the number of people in the industry to fall, they are disputing the amount.