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India’s layoff frenzy may worsen in 2020. Massive layoffs in the automobile and IT sectors last year are now spreading to other sectors as well. While experts think that losing jobs in a tough economy is natural, they also believe that the current situation is quite worrisome.

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  • The is enough to make employees anxious about their job security. 2019 has been one of the worst years regarding job losses with the worst-ever slowdown in the auto sector. The aviation industry also struggled with the Jet shutdown and now within just 15 days of 2020, new layoffs are being announced.

  • This is an absolutely terrifying trend. And if this is the organised, corporate sector, one wonders the kind of distress India's massive unorganised sector and SME businesses are going through.