Browsing: Retrenchment

On one hand, if sales professionals and techies are to gain jobs due to demonetisation, on the other, a large number of journalists and ad-sales professionals are to lose their jobs.

Loss of job is undoubtedly an emotional time when people feel alone, scared and vulnerable. It is important for an employer to smoothen the termination process, show compassion and empathy and re-instate trust. The employees must see the decision as a necessity for business rather than a witch hunt!

Hewlett-Packard Enterprise, the newly formed company hopes to reduce costs by $ 2.7 billion through this layoff.