Mass Layoff Affects Indian Young Employees – Report Said!! Global technology companies to startups like e-commerce are announcing massive layoffs in recent days. This layoff is said to be due to global interventions and financial constraints. Now, reports suggest that young Indian professionals fear for their future due to these layoffs.
Over the past few months, many private sector employees, including those working in the Indian technology sector, have been grappling with layoffs. Recently, ed tech firms Byjus and Unacademy have cut hundreds of jobs. Similarly, social media giant Twitter has laid off more than half of its employees and that affects its Indian offices too. Also, Indians have been affected by the layoffs of Meta.
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These layoffs have created fear among young workers. On the other hand, many of those affected by the layoffs have taken to social media to express their displeasure. In particular, after Byjus announced that it would lay off 2,500 employees, many of its employees have been speaking out in the media about the company’s culture and the pressures they face. And demands continue to be made for employers to apologize for dismissing employees.