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Rising inflation, fear of recession and job security amid layoffs are the trends that are making the Indian workforce cautious in 2023. According to LinkedIn Workforce, Confidence Index, 74 percent of Indian workers are concerned about rising prices and inflation and only 43 percent of Indian workers feel that they are prepared for an economic downturn.
According to Anshuman Das, CEO and Co-founder, Careernet, professionals are switching jobs to avoid uncertainties amidst layoffs and companies are facing funding winter issues in the case of startups.
“The uncertainty that people feel about their current jobs is the primary factor that is driving professionals to move out of their organisations, regardless of the present economic status quo,” said Das.
