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
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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