In case of recession, why are most companies laying off many of their employees?
Granting premier institutes like IITs and IIMs more academic independence in course design and student selection could enhance their ability to adapt to evolving industry needs and global standards. Allowing these institutions autonomy can foster innovation in curriculum, promote interdisciplinary sRead more
Granting premier institutes like IITs and IIMs more academic independence in course design and student selection could enhance their ability to adapt to evolving industry needs and global standards. Allowing these institutions autonomy can foster innovation in curriculum, promote interdisciplinary studies, and facilitate collaborations with industry and international universities.
However, this autonomy must be balanced with accountability to ensure inclusivity and meritocracy. Clear guidelines are essential to prevent elitism and ensure fair access to all deserving students, regardless of background. Moreover, such independence should be accompanied by robust governance frameworks to maintain academic rigor and uphold educational standards.
In light of global challenges such as rapid technological advancements and changing job markets, empowering premier institutes can equip students with relevant skills and knowledge. This approach could also attract top talent, faculty, and research funding, strengthening India’s position in the global education landscape.
Ultimately, a thoughtful approach to granting autonomy while ensuring transparency and inclusivity is crucial for the continued success and relevance of premier institutes in India.
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During a recession, companies lay off employees primarily to manage costs and ensure survival. Revenue drops as consumer spending decreases, prompting businesses to reduce expenses, and labor is one of the largest costs. Layoffs help immediately cut payroll expenses and preserve cash flow, which isRead more
During a recession, companies lay off employees primarily to manage costs and ensure survival. Revenue drops as consumer spending decreases, prompting businesses to reduce expenses, and labor is one of the largest costs. Layoffs help immediately cut payroll expenses and preserve cash flow, which is crucial during economic uncertainty.
With lower demand for products and services, companies need fewer employees. Aligning the workforce with reduced demand helps maintain operational efficiency. Additionally, recessions often trigger restructuring efforts to streamline operations and eliminate redundancies, further driving layoffs.
Publicly traded companies face investor pressure to maintain profitability and protect stock prices. Layoffs signal decisive cost management, reassuring investors about the company’s financial health. For some businesses, layoffs are essential to avoid bankruptcy, ensuring they can continue operations during the downturn.
While layoffs are common, they can harm employee morale, company reputation, and long-term performance. Some companies explore alternatives like reducing executive salaries, cutting non-essential expenses, or implementing temporary furloughs to mitigate these impacts. Ultimately, layoffs are a strategic move to balance immediate cost reduction with the goal of emerging stronger post-recession.
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