Retrenchment and Laying Off Employees During Pandemic
INTRODUCTION:
As the lockdown appeared inevitable, the effect on businesses and organizations could not be forgotten. Top analysts and financial firms deem this situation worse than the 2008 economic crisis, which would leave corporations in tatter. To resolve this crisis, companies are taking extraordinary steps, such as the firing of workers or the contraction of their area of service, pay cuts, etc. Many small companies or start-ups have been shut down as a result of the pandemic because they were unable to survive the damages suffered.
Big companies such as Ola, Zomato, Uber, We Operate, etc., have now laid off a vast number of workers to keep the company from falling through more losses. This left the workers in a state of total shock, when they become unemployed in a state...