Retain staff with pay cuts, don’t sack them: Karnataka government to IT firms
Source | www.deccanherald.com | Bharath Joshi
Karnataka on Friday asked information technology and allied companies to cut salaries instead of laying off employees during the Covid-19 lockdown.
Deputy Chief Minister C N Ashwath Narayan held a video conference with industry leaders, including Biocon CMD Kiran Mazumdar-Shaw and Infosys co-founder Kris Gopalakrishnan, to take stock of the readiness for IT/BT companies to resume operations after April 20.
Follow live updates on coronavirus “It was discussed that there should not be layoffs. Instead, salary cuts can be taken up so that the functioning of a company is not affected, given that there haven’t been many new orders,”