financetom
Business
financetom
/
Business
/
1 in 10 Indian jobseeker lost job, most think layoff imminent: Naukri.com
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
1 in 10 Indian jobseeker lost job, most think layoff imminent: Naukri.com
May 27, 2020 4:19 AM

At least 1 in 10 Indian jobseeker has confirmed he or she has been laid off and nearly three in 10 jobsekkers fear a layoff is imminent, a new survey by naukri.com revealed on Wednesday.

Share Market Live

NSE

Out of the 10 percent of jobseekers who have already been laid off, 15 percent were from the airlines and e-commerce industry each and around 14 percent were from the hospitality industry.

Around 13 percent of the laid-off employees were senior professionals with over 11 years of work experience and were working in either sales (12 percent), HR and admin (12 percent), marketing (11 percent) or operations/supply chain (11 percent) roles.

While 70 percent of jobseekers are scouting new jobs for better career opportunities, followed by 16 percent due to salary cuts and 14 percent due to the fear of being laid off, said the survey involving 50,000 active jobseekers.

Jobseekers from the IT, pharma, medical/healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.

"The survey gives a broad direction of maintaining caution towards the future outlook of the job market. While 10 percent jobseekers confirmed that they have been laid-off as per the survey, almost 34 percent fear that a layoff is imminent," said Pawan Goyal, Chief Business Officer, Naukri.com.

"On the positive side it is heartening to see that more than 50 percent of jobseekers are focusing on upskilling for better career opportunities and that is a sure shot way of long term career growth," Goyal added.

Majority of jobseekers are utilising the time at hand due to the lockdown for self-development and career advancement.

Data science and analytics courses (22 percent), followed by digital marketing (20 percent), and finance and risk management (16 percent) were among the top courses being picked up by jobseekers to up-skill themselves.

There is a mixed feeling around layoffs and salary cuts among jobseekers.

Nearly 41 percent of the jobseekers were positive that layoffs are not likely to happen in their organization. These jobseekers were mostly from the BFSI, IT and Pharma industries suggesting a relatively higher job security sentiment in these industries.

"On the other hand, 59 percent of the jobseekers, mostly from the airlines, hospitality, ecommerce and BPO/ITES industries, confirmed that the layoffs are either already announced or most likely to happen in the coming days," the findings showed.

In the most impacted sectors such as airlines, hospitality and e-commerce, almost half of the jobseekers indicated that salary cuts have been announced in their companies, said the survey.

First Published:May 27, 2020 1:19 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
American Airlines Swings to Q3 Adjusted Loss, Revenue Increases; 2025 Outlook Updated
American Airlines Swings to Q3 Adjusted Loss, Revenue Increases; 2025 Outlook Updated
Oct 23, 2025
07:49 AM EDT, 10/23/2025 (MT Newswires) -- American Airlines Group ( AAL ) on Thursday reported a Q3 adjusted loss of $0.17 per diluted share, compared to adjusted earnings of $0.30 per share a year earlier. Analysts polled by FactSet expected an adjusted loss of $0.28 per share. Revenue for the quarter ended Sept. 30 was $13.69 billion, compared with...
REPUBLIC OF URUGUAY - ANNOUNCEMENT OF GLOBAL TENDER OFFER RESULTS
REPUBLIC OF URUGUAY - ANNOUNCEMENT OF GLOBAL TENDER OFFER RESULTS
Oct 23, 2025
MONTEVIDEO, Uruguay, Oct. 23, 2025 /PRNewswire/ --   Global Tender Offer The Republic of Uruguay (Uruguay) previously announced an offer to purchase for cash (the Global Tender Offer) its bonds of each series of Global Bonds listed in the table below (collectively, the Old Global Bonds and each Old Global Bond, a series of Old Global Bonds), subject to the terms...
Railroad operator Union Pacific's quarterly profit rises
Railroad operator Union Pacific's quarterly profit rises
Oct 23, 2025
(Reuters) -Union Pacific ( UNP ) reported a 9% rise in third-quarter profit on Thursday, powered by strong pricing.The West Coast railroad operator's quarterly net income rose to $1.8 billion, or $3.01 per share, from $1.7 billion, or $2.75 per share, a year earlier. Union Pacific ( UNP ) said the results include merger costs of $41 million, or $0.07...
Ryder System Q3 Non-GAAP Earnings Rise; Annual Adjusted EPS Outlook Revised
Ryder System Q3 Non-GAAP Earnings Rise; Annual Adjusted EPS Outlook Revised
Oct 23, 2025
07:53 AM EDT, 10/23/2025 (MT Newswires) -- Ryder System (R) reported Q3 non-GAAP earnings Thursday of $3.57 per diluted share, up from $3.44 a year earlier. Analysts polled by FactSet expected $3.54. Revenue for the quarter ended Sept. 30 was $3.17 billion, unchanged from a year earlier. Analysts polled by FactSet expected $3.18 billion. The company expects Q4 non-GAAP EPS...
Copyright 2023-2026 - www.financetom.com All Rights Reserved