News Report

Recession Warning and 24000 Layoffs, Why 2023 May Be More Alarming?

Its just 16 days in the New Year and the bad news is already in. You open likedIn today, and it is filled with people sharing their heartbreaking stories of layoff. How people went to office like they usually do, but returned home being told that they don’t need to come back to work from tomorrow onwards. People are literally, desperately crying for help, there are accounts of people breaking into tears when told about they are being laid off.

But then that’s what it is. 2023 has been brutal. In just first 16 days, more than 24000 tech employees have lost their jobs. Now to give you a sense of comparison, In 2022, according to a data, total layoff by 1024 tech companies stood at 1,54,336. Now, in just first half of 2023 january, as many as 91 tech companies have let go of their employees.

What’s happening in job market? Why these mass layoffs? And what the salaried employees are staring at in 2023? Let’s discuss in today’s show.

#Ola #Recession #India #NarayanRane
#Layoffs #Sharechat #Recession #OLA #Google #NarayanRane #SalesForce #Indians #Unemployment #BJP #ModiGovt #Inflation #HWNews

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