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Avoiding layoffs: Here are the crucial checks before joining a company

Though anticipating layoffs in a company might not be easy for employees, HR and career experts feel there are a few red flag employees, especially freshers, should notice before the ship sinks.

January 25, 2023 / 11:38 AM IST
HR experts suggested that one could always research how the company has responded to difficult external factors in the past, history of layoffs and what current and ex-employees are saying about the company. (Illustration by Suneesh Kalarickal)

HR experts suggested that one could always research how the company has responded to difficult external factors in the past, history of layoffs and what current and ex-employees are saying about the company. (Illustration by Suneesh Kalarickal)

About 14 startups in India have laid off over 2,100 employees in the first three weeks of 2023, according to data compiled by Moneycontrol.

The number of layoffs in this period has crossed last year’s three-week average of around 1,060, as more companies take up the layoff route in an attempt to stay afloat amidst a funding winter.

Further, thousands of Indian IT professionals in the US, who have lost their jobs due to the series of recent layoffs at companies like Google, Microsoft and Amazon, are now struggling to find new employment within the stipulated period in their work visas.

Though anticipating layoffs in a company might not be easy for employees, HR and career experts feel there are a few red flags employees, especially freshers, should notice before the ship sinks.