Source | economictimes.indiatimes.com | Indulekha Aravind
The figures are numbing. During the two-month lockdown to curb the spread of Covid-19 in India, millions have lost their jobs across sectors. The Centre for Monitoring Indian Economy estimates unemployment rate in April 2020 to be 23.5%, up from 7.6% a year ago.
Behind the staggering number of layoffs are individual stories of loss — of income, financial security, confidence and identity. That this blow fell during a lockdown — with the news conveyed over email, a phone call or a video call — has not helped.
To capture some of the turmoil and anxiety, ET Magazine spoke to employees who have been recently laid off across various sectors. While some have savings and a security net, others are in a precarious situation, with dependants and loans.