INDIAN NEWS & TIMES

Friday, October 7, 2022

The ongoing global layoffs has taken a heavy toll on the corporate sector. In a number of worldwide organisations, layoffs and reorganisations have occurred. It’s transformed the way we work and how we think about work. The layoffs has also forced us to accept the truth that the workplace is highly volatile.

The enormous layoffs that occurred at Better.com recently are one of the most recent examples of this. Vishal Garg, the CEO of Better.com convened a Zoom meeting with 900 employees from various departments. The meeting’s purpose was to inform the staff that they would be leaving the organisation. Garg and his team realised that the huge hiring campaign had resulted in a larger flood of people than expected.

This is only one example of the reality faced by many businesses around the world. In 2020, a total of 81 million jobs will be destroyed. The situation was significantly worse in the world’s poorest countries. One such example is India. Despite the fact that the country was able to keep the number of job losses low, the effects of the layoffs have begun to manifest. In the last few months,Better.com has laid off almost 4000 people, and it isn’t the only company to do so.

To address this issue, Gagan Malhotra, a Delhi youth, has launched the “bebetteragain” platform. Gagan wants to create a community of people who have been affected by the mass layoffs. This group of people will be linked to a number of different employers. bebetteragain aspires to create a network where anyone who has lost their job can re-enter the workforce.