The last few years have been great for Indian startups but now the mood is changing. More than 12,000 people have been fired from Indian startups in 2022, experts are predicting more job cuts almost 60, 000 by the end of this year, why are they downsizing?
#India #Startups #Gravitas
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Governments must come farward with big support to treat the problems to over come future economic issues and resessions.
Volatile Hire n Fire Policy is common in StartUps
Gundu
phr pyar ho gya tumse palki….muuaaah ❤️
Parking sharma great presenter
Correcting it is palki sharma
Before USA capitalism swept over strongly to Germany, a company was considered a joint endeavor of company owner and workers, both taking the risk equally.
Back then if a company fired workers because of crisis and still had leftover money afterwards to continue business, they did something wrong.
By now you can get fired without compensation just if your employer lost a single customer…
Recession is must and confirmed. Because of high salary jobs were given to limited experienced population raising budget beyond traditional market standards. Since maket is opening fast now, there will be lots of people ready to work on same designation at a very low salary compelling companies to cut budget and still grow marginally at good pace.
The recession's fall time depends on how fast the companies can hire. And, 3rd quarter revenue calculation and internal rating season will be a good reason to justify their cuts.
So, job seekers please study on your skills OCTOBER is going to be your destiny's goodluck. Grab it.
And, those who enjoyed heavy hikes need to work 3 times to prove their worth now on to survive.
In USA last three months already had ~48000 employees laid off
Ask china what he is planning for new pandamic
Madam no reason due to CHINA. the big CEE