After job cuts, hiring freeze set to kill a million dreams in India - Bhaskar Live

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Tuesday, April 21, 2020

After job cuts, hiring freeze set to kill a million dreams in India

COVID-19 lockdowns and social distancing have not only triggered job losses across industries in India but are also resulting in scarcity of fresh jobs as companies have turned off the hiring tap, which is a double whammy for those who are affected by the coronavirus tsunami.
Besides the aviation, travel and hospitality industries which are the worst affected, other key industries that showed a decline in hiring activity in March in India versus last year same time were retail (50 per cent), auto/ auto ancillary (38 per cent), pharma (26 per cent), insurance (11 per cent), accounting/finance (10 per cent), IT-software (9 per cent) and BFSI (9 per cent), according to the aNaukri JobSpeak Index for March 2020.’

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