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> This article has been contributed by Sridhar Laxman, Executive Coach, Lucid Minds Coaching. Layoffs, terminations, downsizing, and reorganization is a challenging and complex processes. Companies hire employees when the business demand is high, cash flows are healthy, and the external environment is favorable for a quick and sustained expansion.
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When you start a business, apart from ideas, funds and a proper plan, you need people to work on that plan and execute it in a perfect way and those people are your employees, they are the driving force of an organization. Your employees are your assets, they are the
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Amazon.com is an American based e-commerce and technology giant. It is one of the big 5 companies in the United States in the tech sector. Amazon is considered to be the world’s most valuable brand and the most influential economic and cultural force in the world. Recently Amazon’
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Tata technologies were founded in the year 1989, situated in Pune, India. It is one of the largest firms in India. Tata Technologies provides services in product lifecycle management, engineering and design, product development, manufacturing, and IT service management to automotive and aerospace original equipment manufacturers and their suppliers. The
ninjacart
Ninjacart recently laid off 200 of its employees working in middle and senior management. The agritech company attributes this layoff to poor performances and unmatched expectations. While the ex employees try to stain the company's image with stating about unethical HR practices, the management and CEO of Ninjacart
![[Infographic] Case Study on Layoffs Due to Coronavirus](https://cdn.startuptalky.com/2020/06/coronavirus-layoffs-case-study-startuptalky.jpg)
layoff
Coronavirus has had a very bad impact on the economy. With the crash in the economy, a lot of people lost their jobs. Some people even believe that unemployement will have even worse impact of people's mentality than the impact of coronavirus. Many companies laid off thousands of
coronavirus outbreak
Needless to mention, Coronavirus [https://www.startuptalky.com/tag/coronavirus-outbreak/] has affected every aspect of human life. To contain the spread of the virus, many precautions are being taken at different levels. Many countries like India have declared lockdown [https://startuptalky.com/tag/lockdown/] to cope with the situation. While