Will Large Scale Automation Emerge Sooner Than Expected In India?

Social media timelines have been saturated with news of layoffs across industries. While the Covid-19 effect is being felt by companies across the spectrum, startups have taken the biggest hit. In fact, two of India's fastest growing unicorns – Ola and Swiggy – have cumulatively laid off 2,500 employees just this week. While organisational restructuring is routine, this widespread workforce transformation has emerged from distress sales, slow business growth and even company closures in some cases, all augmented by the oncoming recession. This necessitates that companies undergo a major overhaul and rethink their workforce strategies to make way for some disruptive changes.