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Private sector plans layoff, pay cut

New Delhi, May 14

SURVEY REPORT

68% of the employers surveyed have either started the layoff process or are planning to
Among the surveyed organisations, 73% said they have plans to decrease the salary of employees, 57% said this layoff is temporary, while 21% said they are doing permanent layoffs for at least 2 years

The organised private sector in India is planning to have major job cuts/layoffs due to the coronavirus pandemic and lockdown that have significantly impacted the economic activities, says a report.

According to results of MyHiringClub.com and Sarkari-Naukri.info Layoff Survey 2020, 68% of the employers surveyed have either started the layoff process or are planning to.

The online survey covered 1,124 companies across 11 industry sectors in 25 major cities. The survey was conducted between May 1 and May 10. — PTI

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