India Inc set for layoffs

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


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).

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