A Study on Layoffs in India and Its Legal Environment

Abstract

For both the worldwide community and India the recent layoffs trend has developed into an established standard of operation. Many large corporations continue laying off several staff members including Microsoft, Meta, Twitter, Google, & Bluestacks, Unacademy, Wipro, and other Indian organizations. Workers were able to relax at the beginning of 2022 because the practice of layoffs came to a temporary stop. The combination of global oil crisis alongside Russia-Ukraine war unrest along with low market demand and recession fears has thrust the world into a damaging employment reduction pattern primarily aimed at handling expenditure costs and corporate realignment initiatives. The future of Twitter remains uncertain because Elon Musk acquired the company while continuing his employer dismissal policy. This academic paper examines the recently emerging layoff culture at both its origin and potential legal remedy options. This chapter evaluates elements of the employee and the company framework.