According to the survey, a little more than half of the business economists feel the risk of a recession over the next year at 50 per cent or higher, which means more layoffs in the offing in 2023.
ShareChat's spokesperson has also confirmed the layoff news and stated that the decision was taken to prepare the company for sustaining through these headwinds. Companies like Ola, Dunzo, Byjus, OYO and Blinkit have also announced the layoff in recent months because of the lack of funding.
Spotify, a Swedish music streaming giant has reportedly shut down its podcast studio and laid off some members of the team. Spotify declines to comment on the report.
The pandemic not only added to the unemployment rate but also halted the hiring process and no organisation has been left untouched by the impact of Covid-19 and it continues to disrupt many sectors
A couple and their daughter died by suicide over the fear of job loss due to coronavirus pandemic on Saturday. The incident occurred in Karnataka's Dharwad region.
Around 20 lakh people have lost employment and an equal number are staring at job loses as private bus and tourist taxi operators have been hit hard by the coronavirus lockdown, according to the Bus & Car Operators Confederation of India (BOCI).
Researchers have found that 22 per cent workers lost their jobs and 31 per cent faced partial unemployment amid the lockdown in three north Indian states.
Millions of jobs in the global tourism industry could be lost due to the COVID-19 pandemic, which has impacted travel like no other event in history and caused 96 per cent of all worldwide destinations to introduce restrictions in response to the outbreak, the World Tourism Organisation (UNWTO) has said.
Every 1 in 5 Indians is now worried about losing his or her job as the coronavirus pandemic has shut industries and businesses in India, a new survey warned on Wednesday.
Almost 10% of America's total workforce is now unemployed since coronavirus slammed the economy as confirmed cases in the United States continues to rise. At present, US is the most worst-hit country due to coronavirus as positive cases have crossed 450,000-mark while over 16,000 people have died so far.
Increasing GST on mobile phones to 18 per cent from 12 per cent at the time of economic slowdown coupled with coronavirus outbreak will derail the industry and lead to job losses, industry body ICEA said on Sunday.
The girl, hailing from Mahabubnagar district of Telangana, was depressed and resorted to the extreme when she was alone in her hostel room. The police is investigating the case.
London, Nov 20: Being out of work could up the risk of a heart attack and it could be worse for those who are fired or asked to leave.Matthew Dupre and his colleagues from Duke
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