India Inc set for layoffs

Tech

India Inc set for layoffs

Now that Diwali is over,expect some crackers from the HR department!

Layoff
Layoff

As per Assocham’s new report ‘Jobs scenario, post-Diwali’, India Inc. is likely to announce lay offs of nearly 25% – 30% of its workforce within the next 10 days across seven key industrial segments (steel, cement, ITeS/BPO, financial and brokerage services, construction, real estate and aviation).

Apart from layoffs, companies are also planning to cut down on perks/bonuses etc.

Weaker rupee is also eating away margins and sustainability is the key – what’s your layoff-proof strategy, if you are running a business?

Do read our series of interviews on ‘Economic Recession & Perspectives (from Startups/VCs/Industry leaders).

pic credit

Leave your thought here



Newsletter

Newsletter