Zoom plans to lay off 1,300 people, its founder and Chief Executive Officer (CEO), Eric Yuan, stated.

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Zoom plans to lay off 1,300 people, its founder and Chief Executive Officer (CEO), Eric Yuan, stated.
Indian SaaS players and other companies are coming out with various cost-cutting measures including job cuts in recent times
कोरोना का ट्रैवल इंडस्ट्री पर बुरा असर: मेकमायट्रिप ने की 350 कर्मचारियों की छंटनी डिजिटल डेस्क, नई दिल्ली। यात्रा संबंधी ऑनलाइन सेवाएं देने वाली कंपनी मेकमायट्रिप ने कोरोना वायरस महामारी के कारण उत्पन्न मुश्किलों की वजह से 350 कर्मचारियों को नौकरी से निकाल दिया है। सूत्रों ने बताया कि निकाले गये ज्यादातर कर्मचारी अंतरराष्ट्रीय अवकाश व संबंधित सेवाओं से जुड़े हुए थे।
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Businesses are in business to make a profit, they are not in the business of being a social enterprise. However, when a CEO of a company makes tens of millions of dollars and lays off people one has to wonder if he is making a hard decision based on what is good for his company or good for his bonus and Wall Street. How can American corporations expect more loyalty out of employees when hard work and good company profits mean more layoffs ? What are employees supposed to think when they get a 2% raise while their CEO gets a $12 million bonus ?