The countrywide lockdown has further stretched the burden of survival on the Indian startups. With cost-cutting measures in place, several job cuts are already done, people are on temporary leave while others have been asked to take pay cuts. And this is not all, as the lockdown increases, there is another wave of layoffs expected in the next few months by the market watchers.
Right now, there are only two choices for business— either survive or save jobs. Either way, the costs are high. The debatable concern is that would you rather save jobs right now and risk losing the business entirely in the next few months or save the business right now at the cost of human capital?
To read more, click here.