Hindustan Times (Patiala)

Tech industry layoffs are bad news

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The world’s leading tech companies are in the grip of a slowdown resulting in thousands of layoffs, over 50,000 to date. This shows poor anticipati­on of the business slowdown and its wrenching consequenc­es. There is a huge human cost to the large-scale layoffs and eventually, the workers will be turning to their networks to seek help in finding new jobs. The key cause of the deteriorat­ion, it seems, is the Ukraine war. Whatever the reason, the bad news seems unending.

Garv Bhupesh

Panchkula

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