Global tech and internet giants - Amazon, Meta, Google , Microsoft have retrenched thousands of employees adding to the recessionary waves not just in the West but even at home. India Inc is also struggling to balance involuntary and voluntary attrition in order to achieve the exact workforce strength. In today's episode of the Working Life Roopank Chaudhary, Partner and Chief Commercial Officer Human Capital Solutions for consulting firm Aon explains the domino effect of these global layoffs. He chalks out how certain sectors have no option but to let go of employees in order to maintain healthy balance sheets and despite all efforts, voluntary attrition continues to remain a worrying trend.
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