New Delhi: Big tech firms find themselves in a difficult situation following the announcement of huge layoffs that came as a shock to the employees in different parts of the globe. There were thousands of employees who lost their jobs in several days, and thousands of families were concerned about their future. Those layoffs have caused concerns regarding leadership decisions and the planning of the company.
Tech CEOs have indicated that the reason why job cuts are necessary is due to the slow growth, high expenses, and the evolving market conditions. Nevertheless, workers believe that the responsibility of errors is identified to only the workers whereas top executives receive low salaries and bonuses.
Social media had a lot of employees talk about their stories, which stated that they were dismissed via emails or short video calls. Others had been employed by the companies over a long period. This brought patience and anger amongst the workers and the general population. Individuals are asking whether the companies would be more respectful to employees in hard situations.
Experts indicate that during the pandemic, tech companies employed too many workers as the demand of digital services was very high. With the growth slowing down, firms are now reducing costs in order to cushion profits. Nevertheless, critics are of the opinion that the situation would have been better planned to avoid the sudden layoffs.
