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Global organisations are making their workers idle

Uber jerked 3700 posts in video calls.

The crisis of Coronavirus COVID 19 is becoming more serious now. Companies have now announced a cut in prices due to the closed economic activities due to lockdown worldwide. This is why companies are continuously retrenchment. UBER, which provides online cab service, has dismissed 14 per cent of its 3700 representatives.

The job of 3700 people went in just 3 minutes of a video call – Uber made a video call to these employees via zoom and said that the Kovid-19 epidemic has become a big challenge. To avoid this, Uber told the employees that he no longer needed them.

Today is your last day… Uber said that we are taking out 3500 frontline employees. Your work has been affected and today is your last day to work with Uber.

Many employees rebuked Uber’s behaviour and said that the company should have given notice earlier. Suddenly calling 3700 employees is not appropriate.

A company marketing bike and scooter business ‘Jump’ – The Company responded that it is selling its bike and scooter business ‘Top’. The jump will be sold to Lime, which is funding $ 85 million in Uber. The company took this decision because Jump was losing about $ 60 million in a quarter.

Dara Khosrowshahi, chief executive officer (CEO) of the transportation business – Uber, said that the transportation traffic has been badly impaired due to the Coronavirus pestilence growing across the planet. 

Therefore, the company has taken steps to maintain the balance sheet and has put more resources in Uber Eats. He said that the food delivery business is showing a boom. We are excited by the gradual opening of the lockdown.

A large number in youth have been inactive amid the ongoing lockdown in the country. The Center for Monitoring Indian Economy (CMIE) said that 27 million juvenility in the age group of 20 to 30 years in the nation lost their posts in April.

Let us tell that the lockdown started in the nation from 25 March to stop the epidemic of Coronavirus. Which extends through three different phases. Many organisations and businesses of the country have suffered losses amid the lockdown of about 50 days.

11 per cent of people aged 20-24

Data from the Consumer Pyramid Household Survey of the Center for Monitoring Indian Economy shows that 11 per cent of those who lost jobs were young aged 20–24. 

Of this, it is 8.5 per cent of the total employment seekers in 2019-20. In 2019-20, 3 crores 42 lakh young men and women were employed. In April 2020, their number came down to 29 million.

1.40 crores of people aged 25-29 got jobs

On the other cards, 1 crore 40 lakh youth aged 25-29 lost their jobs. 

People of this age accounted for 11.1% of the total employment in 2019-20, but the job loss stood at 11.5%. 

At the same time, 30 million men and women aged 30 lost their jobs in April. Out of this, 86 per cent of jobs were done by men.

Unemployment rate improved

Hereabouts, according to the CMIE Weekly Report, the lay-off rate has improved in the week ending May 10. It came down from 27.1 per cent to 24 per cent. The report said that during this period, labour participation has increased from 36.2 per cent to 37.6 per cent. The areas which are coming in green and orange circles, the government is allowing industries to open gradually. With this, the employment rate has increased from 26.4 per cent to 28.6 per cent.

Now this food delivery company has excluded 1100 employees of Corona, know why the company is scrimping?

The coronavirus lockdown has suffered a severe setback to the market. Its effect on jobs has started to be seen. Online food delivery company Swiggy layoff has also been included in this list. Swiggy has announced layoffs of its 1100 employees across the country in the next few days.

Many companies are hiring people. Online food delivery company Swiggy layoff has also been included in this list. Swiggy has announced layoffs of its 1100 employees across the country in the next few days.

Swiggy’s co-founder Sriharsha Majeti said in a letter on Monday that the food delivery business had a profound impact and will remain intact for some time, although it is expected to be back on track in the coming times. We need to reduce the number of employees in our company and reduce costs to deal with any kind of uncertainty in the future.

Three months of salary paid

The founders said employees who would be laid off would be paid at least three months’ salary, accelerated vesting, health insurance until December and an additional salary of one month for each year they spent with the company.

Zomato said it was going to lay off about 13 per cent of its workforce due to the Coronavirus epidemic. The company employs about 4,000 employees. Jomato founder and CEO Deepinder Goyal said that many aspects of the company’s business have changed dramatically over the last few months and many of these changes are about to become permanent.

The founder of Zomato said in a tweet that the company will continue to provide financial and emotional support to the fired employees for the next six months. In an e-mail sent to the employees, Goyal has said that our business has been greatly affected due to Coronavirus lockdown. A large number of restaurants have been permanently closed and we all know that this is just the beginning. I anticipate 25 to 40 per cent of restaurants will be closed in the next 6 to 12 months.

According to a report, the order of Swiggy and Zomato has filtered by more than 60 per cent due to the pestilence. Goyal said that any employees who have been affected by the layoffs will get a call invitation from the company’s leadership team within the next 24 hours. Apart from these, agents who are not being fired right now, but the company does not have work for them, then they will get a 50 per cent salary.

Goyal said that we expect from such employees that they will devote all their time and energy to find new jobs. The company is going to cut the salary of all its employees by 50 per cent from June.

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