Total Questions : 1
With the latest trend of layoffs by big-tech companies across the globe due to various reasons like continuation of Russia-Ukraine war, fall in consumer demand and slowing economic growth. Considering this global situation, there is an Indian Ed-tech company which is also suffering from slowing of demand, capital crunch etc. Therefore, the company needs to take a slew of measures to navigate through this rough phase of recession.
Manish is working as Human Resource (HR) head in this company and there is pressure from investors to fire a major chunk of the workforce.
Further, he was informed by management that dismissing employees is essential for the company's existence and instructed him to inform the employees of this decision as soon as possible.
Q. With the ethical dilemmas in mind, what should Manish do in this scenario?GS Paper 4 Case Studies