Reports of layoffs in startups and IT sector notwithstanding, HR experts believe these pink slips are due to a mix of non-performance and margin pressure and the overall outlook is not that bleak, with medium and high skilled jobs likely to see continued growth.
layoffs are becoming pretty common these days as there were recent reports of job loss in Flipkart, Askme, Ola and Infosys, among others. But experts feel that layoffs help companies survive and trim costs.
They added that employees need to upgrade their skills on a regular basis.