Operations managers across the country have been sent e-mails to “right size” their respective teams.
Last week, the English daily discontinued its business bureau in Delhi and Mumbai and syndicated the same to Mint.
On one hand, if sales professionals and techies are to gain jobs due to demonetisation, on the other, a large number of journalists and ad-sales professionals are to lose their jobs.
Large-scale white-collar displacement at middle and senior levels is a relatively new phenomenon and that too without the safety net of trade unions. Here is what one should do to safeguard oneself.
So what, if you are fired? Don’t fret. This is the best time to explore other opportunities or even alternative careers.
Grocery delivery service, Grofers has decided to lay-off 10 percent of its workforce, and at the same time has revoked joining of 67 fresh hires.
There have been several media reports since the evening of March 2, 2016 on the same. One tech website has reported that the retrenchment could be as big as one-third of the total workforce.
Loss of job is undoubtedly an emotional time when people feel alone, scared and vulnerable. It is important for an employer to smoothen the termination process, show compassion and empathy and re-instate trust. The employees must see the decision as a necessity for business rather than a witch hunt!