Locking down has had a differentiated impact on industry sectors and corporate functions. So, here you can recover from the crisis.
Covid 19 epidemic & the lockdown applied by the Government to control its spread has had a major impact on the economy and business. Senior Executive jobs have also not remained unaffected from its effects. In the initial period of the lockdown, companies tried to hold on to their employees, both senior and junior.
However, as the pandemic has started to get stretched and is now looking into an infinitely longer period, the corporate boards are forced to reassess their cost structures and business models, both of which are leading them to cut jobs. As it happens, it started from the bottom and has now started to touch the heads and shoulders of the corporate hierarchies.
Locking down has had a differentiated impact on industry sectors and corporate functions. From having taken serious hits to remaining relatively unimpacted and to actually gaining positive momentum, each sector and company have responded differently to it.
Source: India Today
