Oracle fired 12,000 of its Indian workforce and is expected to sack more.
Another reminder of how fragile stability is in the private sector. One secures employment, income begins to flow, long-term plans take shape, home, car, loans, EMIs. And then, a single decision by the corporate to “rationalize” or “downsize,” and everything collapses overnight.
Unless you quickly re-enter the job market, fixed liabilities don’t pause; they compound stress and can upend an otherwise steady life.
While you earn, you must pay taxes. The moment you lose your job, you’re on your own. In fact, you even have to pay tax on the severance also.
Maybe it’s time to introduce reforms, such as mandating severance pay ranging from three months to one year based on an employee’s tenure, as is the norm in the West; allowing EMI pauses for a 3-6 months; and providing a time-bound monthly allowance from the govt for involuntary job losses.
If Ladla/Ladlis can get free money, free ration, free water, and electricity, without paying any income tax, why not support a worker who has been paying taxes and contributing?
Thank my friend, President Putin, for his phone call and for sharing insights on his recent meeting with President Trump in Alaska. India has consistently called for a peaceful resolution of the Ukraine conflict and supports all efforts in this regard. I look forward to our continued exchanges in the days to come.
@KremlinRussia_E
बाहर अब भी बादल छाये थे। लगता था, जब मैं सो रहा था,तब बारिश की कोई बौछार भटकी हुयी आई थी और सारे शहर को एक शावर में भिगोकर किसी दूसरे पहाड़ पर चली गयी थी।
#अंतिमअरण्य#Nirmalverma।
बाहर अब भी बादल छाये थे। लगता था, जब मैं सो रहा था,तब बारिश की कोई बौछार भटकी हुयी आई थी और सारे शहर को एक शावर में भिगोकर किसी दूसरे पहाड़ पर चली गयी थी।
#अंतिमअरण्य#Nirmalverma।