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Big Layoff 2022 | Impact on Companies, Economy & Individuals | CA Rachana Ranade

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"Do you know Indian start-ups have fired 18000-20000 employees in the year 2022? Some major examples include BYJU’s who fired 2500 Employees, Ola who fired 2300 employees, Blinkit who fired 1600 employees, Unacademy who fired 1500 employees & many more.

But let me also tell you that it is not just these Indian start-ups who were on a firing spree, many established companies like Apple, Microsoft, Netflix, Twitter, Shopify, and Tencent, etc., also laid off thousands of employees in year 2022. And, unfortunately, there are no indications suggesting that we would get relief in 2023.

In this video, we have covered all of this, including the reasons for this layoff, what impact does this have on the country level & individual level & many more.

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What is covered?
00:00 - Introduction
01:16 - How severe is the situation of this layoff?
02:37 - Is this situation going to persist in 2023?
03:54 - What were the reasons for such layoffs?
07:15 - What is the impact of layoffs on a country level?
08:01 - What is the impact of layoffs on an individual level & how can we minimize the impact?

#RachanaRanade #ShareMarket #layoffs
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