Surviving and thriving post a layoff: The 2022 edition
India, one of the largest startup ecosystems in the world saw a dramatic rush for funding over the entire year of 2021. But there’s been a shift over the last few months. Besides the pandemic-induced economic slowdown, the Ukraine-Russia war and subsequent hike in fuel price, and massive increase in the interest rates of the U.S. Federal Reserve are some of the noteworthy causes that heavily contributed to the worldwide economic upheaval
Source | economictimes.indiatimes.com | Riya Tandon
Imagine that you join a zoom call link and hear the dreaded words, “We regret to inform you that we are terminating your employment with immediate effect.”
In a utopian world, layoffs are rare occurrences. However, the current reality has shown multiple examples where a large number of employees within specific companies had to resign, and sometimes, even the methods for announcing the layoffs were as sudden as a zoom call.
India, one of the largest startup ecosystems in the world saw a dramatic rush for funding over the entire year of 2021. But there’s been a shift over the last few months. Besides the pandemic-induced economic slowdown, the Ukraine-Russia war and subsequent hike in fuel price, and massive increase in the interest rates of the U.S. Federal Reserve are some of the noteworthy causes that heavily contributed to the worldwide economic upheaval.
