Flipkart, Infosys, AskMe: Why recent spate of job cuts should worry us

Flipkart, Infosys, AskMe: Why recent spate of job cuts should worry us

New Delhi – In the last few days, newspapers have had screaming headlines of loss of thousands of jobs across the services sector.

On Monday , The Indian Express reported Infosys, the country’s second largest software exporter, has cut 500 jobs after the company recorded poor quarterly results were and lost a contract from RBS.

Over the weekend, reports said about 4,000 people were about to lose their jobs due to a suspension of operations at e-commerce website AskMe. Earlier Flipkart had asked about 700 underperformers to leave. Meanwhile, Snapdeal is shutting down a luxury fashion portal which could lead to […]

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