Jobs Vs Profits: Firing the Only Path to Profitability?

Mark Zuckerberg says this is a year of efficiency. Yahoo says it will slash 20 percent workforce. Disney slashes 7,000 jobs. The list is too long to be ready so we have put out the numbers on your screen. How deep this pain is? how long it will last and what’s the way forward? What happens to these tech workers who are being laid off? At the same time – why are these tech firms forced to slash jobs in such numbers? Are they chasing profitability at the cost of their employees? Or was it simply inevitable as the Fed embarked on a rate hike spree? To take on all these questions that are brewing in our heads about the incessant layoffs, ET NOW’s Vikram Oza speaks with Aditya Narayan Mishra of Ciel HR Services; Anshuman Das of Careernet Consulting & Omkar Tanksale of Axis Securities. Tune into this edition of India Tonight.

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