Career, the most used word in today's professional and educational sector. Where students work hard to make it big in the career of their choice, professionals strive hard to hold on to their careers.
2019 was just another year where both freshers and experienced witnessed heartbreaks and the every slowing down economy gave them no respite whatsoever.
The corporates termed it 'Restructuring'. Technology termed it 'Automation'. And economic experts termed it 'Changing Consumer Behavior'.
Whatever you want to call it, the bottomline is that today's job market is a very dark place to be in.
2019 was just another year where both freshers and experienced witnessed heartbreaks and the every slowing down economy gave them no respite whatsoever.
The corporates termed it 'Restructuring'. Technology termed it 'Automation'. And economic experts termed it 'Changing Consumer Behavior'.
Whatever you want to call it, the bottomline is that today's job market is a very dark place to be in.
automobile industry in reverse gearIn the age of Uber & Ola, the modern day consumer is refraining from owning a car of their own. Adding fuel to this fire are the unreasonable parking charges in new flats. The new mantra seems to be "Why own, when you can Rent!" And this accompanied with the growing fuel prices, cost of owning and |  |
maintenance and unbearable traffic jams have contributed to a steep decline in sales of automobiles in India in 2019. As per the Society of Indian Automobile Manufacturers (SIAM), the vehicle sales dropped by 12.35% in 2019. This means around 9 lakh Indians didn't choose to buy a car in 2019 as compared to 2018.
According to a report from August 2019, approximately 2 lakh employees were forced to lose their jobs owing to this decline in sales.
According to a report from August 2019, approximately 2 lakh employees were forced to lose their jobs owing to this decline in sales.
 | the curious case of parleOne of India's largest biscuit manufacturer and perhaps the maker of world's bestselling biscuit, Parle went through a sour phase in 2019. Parle Products Pvt Ltd announced to cut 10 thousand jobs across the country. The terms they used were 'Economic Slowdown' and 'Falling Demand in Rural Areas'. The 90 year old biscuit manufacturer experienced a sharp decline in sales in 2019 which led them to reduce production, thus resulting in layoffs. |
jet, set, goneIn April 2019, Jet Airways flew it's final flight from Amritsar to Mumbai, landing the careers of over 16 thousand of it's employees. Running out of cash and unable to get fresh funding led to the aviation company vanish in thin air. |  |
Amidst the rumors before the actual shutdown, many employees switched their jobs before the inevitable happened. This included around 400 pilots and 40 engineers. After the shutdown, some were still able to join other airlines like Indigo, Spice Jet and Air India. The majority of the unfortunate employees continue to struggle and look for an opportunity in other fields.
 | 'restructuring' at cognizant'Restructuring' is a modern-day term used for layoffs! Cognizant restructured their organization by laying off 5 thousand to 7 thousand staff members to reduce losses, which many argue where a result of poor decision making. If reports are to be believed, 6 thousand more jobs would be cut in the coming months. |
mtnl-bsnl go traditionalWhat's the traditional way in which you ask employees to quit? 3 words! Voluntary Retirement Scheme The companies joined hands and decided to offer their employees VRS. As a matter of fact, out of 1.5 lakh employees, 57 thousand were more than happy to take it. |  |
Having said so, the actual target of the company is to get 77 thousand employees to exit via VRS.
The telecom giants have seen a steep decline in customer base owing to the on-going telco war between Reliance Jio & other service providers.
The telecom giants have seen a steep decline in customer base owing to the on-going telco war between Reliance Jio & other service providers.
These are just a few examples of how vulnerable today's employee feels like. Imagine the plight of common people, spend lakhs of hard earned money into education, then facing the daily commute issues this country has to offer everyday, then working beyond 8 hours to prove their 'professionalism', and yet feeling insecure!
With 2020 coming, former president's vision of India becoming a Super Power can only be achieved when the employee feels protected and cared for. The common frustration amongst employees is the poor decision makers sitting on the board of their companies. These handful of so called experts have continued to fail time and again and yet are the most protected people in the organizations.
Another major issue which got highlighted this year, that our country's organizations aren't willing to give opportunities to people coming from a different profile.
With all this said, the most serious issue according to me is masking cheap labor under the title of 'INTERNS'. This exploitation has to stop. Also, companies are often heard suggesting that they need young workforce. So what do people above 40s & 50s do? Where do they go?
We are crafting a future that is not only unhealthy for others but also a trap for us and our families.
The 'experts' need to 'introspect' on their expertise and 'restructure' themselves. After all, the blood is on their hands!
With 2020 coming, former president's vision of India becoming a Super Power can only be achieved when the employee feels protected and cared for. The common frustration amongst employees is the poor decision makers sitting on the board of their companies. These handful of so called experts have continued to fail time and again and yet are the most protected people in the organizations.
Another major issue which got highlighted this year, that our country's organizations aren't willing to give opportunities to people coming from a different profile.
With all this said, the most serious issue according to me is masking cheap labor under the title of 'INTERNS'. This exploitation has to stop. Also, companies are often heard suggesting that they need young workforce. So what do people above 40s & 50s do? Where do they go?
We are crafting a future that is not only unhealthy for others but also a trap for us and our families.
The 'experts' need to 'introspect' on their expertise and 'restructure' themselves. After all, the blood is on their hands!
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