- Global IT companies have gradually reduced their headcount in last two years as they embark on automation and related technologies
- The covid-19 crisis may have accelerated that process as newer challenges have emerged for these firms
- In fact, according to data, this coronavirus lockdown has made a record-high unemployment rate of 27.1% in India.
- Many companies have also provided their laid-off employees access to outplacement services, which again can provide them with resources to learn and enhance their skill sets, and also have the possibility to return to their jobs post-COVID
Some of the Big Shots data of laying of the employee due to Covid-19:
Uber laid off 600 people in India on Tuesday due to the adverse effect of the Covid-19 outbreak on its business.
The layoffs come a week after homegrown rival Ola slashed headcount by a third, affecting 1,400 employees, as the company saw a 95% hit to revenue as people stayed indoors during the nationwide lockdown.
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