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Facing backlash, firms offer benefits to fired employees

SBN Admin by SBN Admin
November 22, 2022
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MUMBAI : The social media backlash to widespread job cuts by technology behemoths and startups alike has prompted a section of Indian companies to offer extended benefits to retrenched junior and mid-level employees, but CXOs are increasingly being denied a fair deal.

While some companies are offering benefits beyond the terms of contracts of retrenched employees like extended corporate medical cover till the end of the policy tenure to help them navigate through the tough times, even if they are not on the payroll, CXOs are being let go with just six months of salary compared to the earlier 12-16 months.

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New CEO of Axis Mutual Fund B Gopkumar replaces Chandresh Nigam

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