Reskill to survive: Tech firms retrain staff on war footing

MUMBAI | NEW DELHI: Indian IT and IT services companies, including the ones that have been in the news for layoffs, are reskilling employees on a war footing.

Companies such as Accenture, InfosysNSE 1.66 %, Cognizant, Tech MahindraNSE -0.71 %, MphasisNSE 0.24 %, among others, are making an effort to reskill and prepare employees for the future.

Accenture has reskilled 85% of its technology workforce in India in the last three years. Employees are being taught “new IT” skills such as digital, cloud and security, with artificial intelligence at the core. Their model is simple: invest the savings realised from automation and AI back into skilling.