High levels of automation and a slowing economy have led to big job cuts in firms, especially in IT and e-commerce. The pain is unlikely to go away soon.
Abhishek Nair (name changed on request), 28, a management studies graduate who worked in the marketing department of the Mumbai-based e-commerce portal Housing.com was abruptly asked to leave in August 2015, after nine months at the job. The company cited ‘restructuring of operations’ as the reason for the lay-off, which saw nearly a hundred people losing their jobs in one shot. Nair is furious at what he terms the ‘callous’ attitude of the firm, which brings buyers and sellers of homes together on a platform. “The company miscalculated its growth potential and hired indiscriminately,” he alleges. He was given a month’s notice and salary, but the incident has left a permanent scar. “I will think a hundred times before I join a start-up again,” he says.
This story is from the October 17, 2016 edition of India Today.
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This story is from the October 17, 2016 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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