Job losses: You just won't believe which sector is worst hit
The report comes amid fears of 'jobless growth' being witnessed in the country at present. "Even as the economy improves, layoffs - due to cost cutting, reducing redundancies after a merger or acquisition, and restructuring events due to changes in the industry - remain commonplace," career transition company Risesmart said in a report after interviewing 1,000 executives
The government and the ruling party had later explained that jobs created in sectors such as tourism and aviation were not counted for the purpose. Image source: Reuters