Tag: Lay Offs

According to her Linkedln post, Anneka Patel was on a maternity leave. She woke up at 3am to feed her three-month-old daughter. However, she received a mail about the layoff at 5:35am.

Company sources confirmed the layoffs were done as part of cost-cutting measures as well as to tackle redundancies in certain roles across verticals.

The Q3 sales were affected by operational and supply challenges, Philips said in a statement.

It can't be denied that the Novel Coronavirus pandemic has affected all aspects of life including livelihood. Last year, when India entered into a total Covid induced lockdown, many companies suffered huge losses, lead to massive layoffs and pay cuts.