If needed, do with honest and empathetic communication

If needed, do with honest and empathetic communication
Employees expect that they are at-least treated as human beings and not just a commodity. So, HR needs to have true sense of empathy.

How do you evaluate the growing layoff trend and decode the underlying circumstances in Indian context? Will global layoffs jolt India’s IT sector?

RD The past two years has been a phase of unexpected growth and to match and fuel that growth, organisations have onboarded people expecting the same pace of growth. I believe gone are the days where in the problem of western world was a global problem, whereas the vice-versa used to be untrue. Today Indian economy has a vast impact on global economy, and I know the kind of layoff that is happening in the west will have lesser impact in Indian IT setup, but of-course layoff will have cascading impact on all.

We have seen organisations like Meta (11,000 job cuts), Google (12,000 layoffs), Microsoft (10,000 job cuts), Amazon (18,000 job cuts), Salesforce (7,000 layoffs) has done mass layoffs, and also Swiggy announced it would layoff 380 people, even as the CEO admitted to the error of ‘over hiring’.

Because those projections have not been met, investors are urging...

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Rishav Dev

currently is the CHRO of Noveltech, based out of Hyderabad. Alumni of XLRI Business School with around two decades of strong HR domain experience with leading firms in Agriculture, Real Estate, Retail, and Financial Services, Rishav was recognized with the "T A Pai Young HR Leader 2022", "Top 100 T A Pai Young HR Leader 2022", "Sustainable HR Leaders (India)- 2020" & "101 Top HR Minds (India) - 2019" Award by World HRD Congress & CHRO Asia.

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Rishav Dev

currently is the CHRO of Noveltech, based out of Hyderabad. Alumni of XLRI Business School with around two decades of strong HR domain experience with leading firms in Agriculture, Real Estate, Retail, and Financial Services, Rishav was recognized with the "T A Pai Young HR Leader 2022", "Top 100 T A Pai Young HR Leader 2022", "Sustainable HR Leaders (India)- 2020" & "101 Top HR Minds (India) - 2019" Award by World HRD Congress & CHRO Asia.

February 2024

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