Layoffs Due to Coronavirus

Transcript LAYOFFS DUE TO CORONAVIRUS First Major Reported Layoff in India: On 19 March 2020, Bounce, a Scooter Rental Startup, laid off 120 employees. First Major Reported Layoff in the World: On 27 March 2020, Reitman (Canada) Ltd. a clothing company, reported a lay off more than 6000 employees. Industry wise layoffs: Automotive 8.6% Consulting…

Layoffs Due to Coronavirus

Transcript

LAYOFFS DUE TO CORONAVIRUS First Major Reported Layoff in India: On 19 March 2020, Bounce, a Scooter Rental Startup, laid off 120 employees. First Major Reported Layoff in the World: On 27 March 2020, Reitman (Canada) Ltd. a clothing company, reported a lay off more than 6000 employees. Industry wise layoffs: Automotive 8.6% Consulting Travel 5.2% 27.6% Tech 20.7% Real Estate 1.7% Retail 3.4% Healthcare 6.9% Consumer Goods 15.5% Based on analysis of 200 companies which laid off their employees Major Layoffs in India: Udaan 3500 Indiabulls 2000 Ola 1400 Swiggy 1100 Raymond 1000 Нехаware 800 800 520 Cure.fit Zomato Foodpanda 500 450 350 Livespace Makemytrip 270 250 Bookmyshow Traveltriangle Lendingkart 200 Cardekho 200 Meesho 200 1,000 2,000 3,000 4,000 Major Layoffs in the World: Air Canada 20000 Renault 15000 Hertz 10,000 Rolls-Royce 9000 Norwegian Airlines 7300 7000 Вoeing Under Armour 6700 Cirque du Soleil 4679 Uber 3700 Sephora 3000 GE 2500 5,000 10,000 15,000 20,000 (The data is based on news till 5 June 2020) Unemployement Rate of Top 5 Economic Countries Country Jan 2020 May 2020 US 4.4% 5.3% 2.4% 3.3% 7.2% 14.7% China Japan Germany India 6% 2.6% 3.
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