Across industries, companies feeling the pinch of a slowdown are giving employees the pink slip
When Krishna Mohan Avancha lost his job as a product marketing manager in an IT firm in April, he was fairly sure he would find it hard to land another one. The Hyderabad-based Avancha had more than 15 years of experience, and recruiters had nothing to offer him.
“If something came up, the pay was too low,” he said. “I need to plan for the future so I decided to turn myself into a brand,” he says. Since April, he has self-published 22 books on marketing on Amazon and is planning to start his own YouTube channel.
Across industries, companies feeling the pinch of a slowdown are giving employees the pink slip. The worst hit among them are mid-level managers with 10 to 20 years of experience. The jobs available for people with such experience are fewer, so many of them are trying to strike a new path and find opportunities.
“By this stage in their career, they are likely to have built expertise. It’s hard to change the line of work. While searching one has to be a little flexible. It’s important to keep professional learning alive and consider project-based work for the moment,” says RP Yadav, chairman and managing director, Genius Consultants.
Source: livemint
