Overview

Original Research

JOBS - A LAYOFF STORY

Dr. SANTOSH KUMAR VD 1, Dr. JABEZ RAVIRAKULA 2, and Dr. C MADHAVI 3.

Vol 17, No 09 ( 2022 )   |  DOI: 10.5281/zenodo.7104036   |   Author Affiliation: M.Com, MBA, PHD, Associate Professor, Vishwa Vishwani School of Business, Hyderabad 1; MHRM, MPhil, PHD, Associate Professor, Vishwa Vishwani Institute of Systems & Business Management, Hyderabad 2; PGDM, MPhil (HRM), PHD (HRM), Associate Professor IIRM (Institute of Insurance and Risk Management, a Joint Initiative of IRDAI and Govt. Of Telangana), Hyderabad 3.   |   Licensing: CC 4.0   |   Pg no: 1160-1164   |   To cite: Dr. SANTOSH KUMAR VD, et al., (2022). JOBS - A LAYOFF STORY. 17(09), 1160–1164. https://doi.org/10.5281/zenodo.7104036   |   Published on: 21-09-2022

Abstract

Job Layoff is a buzz word across the world as almost all the companies are going for Cost Cutting measures & Job Layoffs because of economic downturn, pandemic, Inflation, Russia-Ukraine war…. so on and so forth. Economic Times revealed that over 32000 employees were given pink slips in US alone and in India some 11000 employees were fired (July 2022). In this context an attempt is made to study and analyze the Job Layoff story in IT sector. The issue is of Topical interest and goes well to find out the actual facts of Layoffs with special reference to IT companies.

Keywords

Layoff, IT Companies, Workforce, worsening economic situation, Hiring