Job cuts in India just a small fraction of global layoffs: Recruitment firms
These layoffs (globally) are predominantly in tech services, products firms and funded startups, and even at some consulting, ecommerce and consumer tech enterprises, which are carrying out workforce optimisation and restructuring exercises, said executives at Adecco, Randstad, Xpheno and ManpowerGroup, among others. Most companies had started the layoff exercises in 2022.
The Indian workforce will likely be spared of mass layoffs now even as companies such as Meta announce more global job cuts.
Multiple executives at recruitment and staffing firms told ET that three to four professionals in India are getting laid off for every 100 jobs axed globally.
These layoffs (globally) are predominantly in tech services, products firms and funded startups, and even at some consul ..
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