Watch | Business Matters | Why are company layoffs becoming common?
The Hindu
A video explaining what do U.S. CEOs feel about the coming months and what’s the scenario with Indian IT firms.
Let’s talk about the job scenario in the context of the coming winter for the global economy. Given the developments that have hogged the headlines over the past few months, it may be apt to talk about the topic under the following heads:
Layoffs announced by companies in the U.S.
Layoffs announced in India in the context of start-ups
Job additions by the US economy that could serve as a signal to what exporters from here could
WFH as an influencer
What happened to jobs in India when the 2008 financial crisis hit us?
Manpower layoffs that have been announced in the U.S. over Sept and Oct. - crossed 60,000, according to global outplacement and coaching firm Challenger, Gray & Christmas, Inc. For October alone, at 33,843, clocked the highest for a single month since Feb 2021 when we were at the peak of the COVID-19 pandemic.
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The Union Budget unveiled on February 1, 2025, has come at a time of unprecedented global uncertainty and a flagging domestic economy. The real GDP growth is estimated at 6.4% for 2024-25 and between 6.3-6.8% for 2025-26, a far cry from >8 percent growth required annually to make India a developed nation by 2047. While much attention has been devoted to the demand stimulus through income tax cuts, not enough is said about the proposed reforms in urban development, tariff rationalisation, and regulatory simplification aimed at making Indian cities and corporates more competitive. Since the majority of economic activity is located in cities (urban areas account for ~55% of GDP) and produced by large corporates (~40% of the national output and 55% of India’s exports), the above-mentioned reforms have a pivotal role in improving India’s trend growth rate. Below we unpack each reform.
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