Unemployment Issue in India: Jobs Crisis, Reasons for Employment Crisis in India

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Jobs

Coronavirus impact: Layoffs, closures to wipe out 6.7% of working hours in Q2, says ILO
ILO did not project precisely how many workers would be made jobless by the crisis, though it said it would be "significantly higher" than the 25 million it forecast just last month
Coronavirus: Companies assure employees of no layoffs as businesses take a hit
Coronavirus impact: Some companies have even taken a 90-day no-layoff pledge as lockdown continues amid the coronavirus pandemic
Coronavirus effect: FabHotels lays off over 100 employees, to cut upto 20% salary
In another mail to the company's employees, FabHotels founder Vaibhav Aggarwal said travel and hospitality industry continues to be standstill driven by lockdowns in major cities around the world
India's unemployment rate in March rises to nearly 9%, highest in 43 months: CMIE
Unemployment rate largely remained under 8 per cent from April 2019 till February 2020, except in July and October when it surpassed the 8 per cent mark
Coronavirus impact: MakeMyTrip, Goibibo, redBus employees face salary cut, fear of job loss
MakeMyTrip said that their business had stagnated due to a fall in bookings and cancellation of flights because of coronavirus pandemic
Coronavirus impact: 3.3 million people seek jobless aid in US, 5 times higher than 1982
Surge in weekly applications was a stunning reflection of the damage coronavirus outbreak is inflicting on the economy. Filings for unemployment aid generally reflect pace of layoffs
IIMs, top B-schools defy economic slump; attract top recruiters, fat pay cheques
Management consulting firms such as Mckinsey & Co, Boston Consulting Group (BCG), Bain and Accenture dominated the recruitment drive in most top B-schools this year. Meanwhile, FMCG companies such as ITC and Unilever comprised only 12% of recruitments in 2019, down from 25% in 2011
HSBC to cut 35,000 jobs over three years
The restructuring, one of the largest undertaken by a blue chip lender for more than a decade, will be partly managed through natural attrition as people leave the bank
Unemployment: Number of jobless in UP rises by 58% to 34 lakh in two years
In a written answer at the state assembly, UP's labour minister Swami Prasad Maurya said 33.93 lakh unemployed persons were registered as on February 7, 2020 with an online portal run by the labour department
Oyo cuts staff strength by about 2,000, exits 200 cities as part of restructuring
Oyo claims that although it has slashed a significant workforce, there has been a lot of support that the start-up has given to the employees who have been asked to leave