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Nishu Sharma
A healthcare professional turned into an agency owner. Running a Healthcare Digital Marketing agency
Why are the next few weeks the worst for the tech industry?
* Elon Musk's Twitter slashed 90% of employees in India over the weekend.?
* Twitter had about 200 staff in the country but now only about 12 remain, per the report.
* About 70% of the layoffs in India were in the product and engineering team, it added.
Are layoffs always a bad idea??
Elon Musk tweeted
“that there was no choice but to cut the jobs when the company is losing over $4M/day.”
One of the biggest questions organizations face as they grapple with a constantly shifting economic landscape is whether their current workforce can help them make the transitions necessary to their success. If the employees are not being the backbone of your organisation and helping you grow, layoffs are a perfect yet painful decision. Layoffs an important and necessary measure for cost optimization and growth opportunities.?
One thing to note about twitter’s layoff is, even after the company is in loss, it has still offered severance for 3 months to employees.