New Delhi, January 07. While inflation is making life difficult for ordinary people around the world, the sound of the recession has also shaken businesses. Fearing a recession, companies around the world have ramped up layoffs. Giants like Byju’s are at the forefront of this, along with Amazon, Salesforce and Tesla. Amazon has announced the layoff of 18 thousand people. At the same time, software company Salesforce announced the layoff of eight thousand employees. Meanwhile, Manpower Group’s Employment Outlook Survey states that major companies in India could be cautious about hiring in the March 2022-2023 quarter.
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