The automobile industry has been facing several issues in the smooth running of businesses due to the coronavirus impact. While many car companies have resumed manufacturing and business operations at factories and offices around the world, the past few months have been tough on the books for the entire industry. Luxury automobile manufacturers on the…
Construction and earthmoving equipment manufacturer JCB India recently said that it has laid off about 400 permanent employees in order to align its workforce with the decline in demand due to the pandemic. As per a PTI report, the company said that the demand for its products dropped by a whopping 80% during May and…
Layoffs at new-age startups are becoming more and more common during the coronavirus pandemic. As company’s struggle to keep business floating during this unprecedented crisis, layoffs have become a common tool to conserve cash. Joining the likes of many others, used car marketplace CarDekho has recently laid off over 200 employees. According to an Entrackr…