Layoff Bloodbath in Media industry

Terrible reports coming in of sackings without exit packages, journos being asked to go on leave without pay to wrapping up of some editions & desks altogether from across newsrooms in India. Salary cuts to fight out crises times are understandable but sudden layoffs are cruel!

This bloodbath is in a sector that is functional. It will turn into a torrent when lockdown ends and other sectors take stock.

Times of India Sunday, Indian Express, Business Standard, Outlook Magazine, Hindustan Times, News Nation and the list goes on and on. more  

View all 8 comments Below 8 comments
Hope, it will also sparkle like Yamuna river with the positive impact of corona Lockdown. more  
Most of the media is spoiled and Managements misused them all through. Private Journalists keep Give Cooked up stories - There is not even one Good Journalist who is not biased. If they correct themselves People will Certainly care for them. Media is absolutely Corrupt. more  
One wonders when the Media themselves would report of such sad developments under their own roof !! more  
Sad but way out to be found out.This is temporary phase, general public will switch to hard copy again instead of digital one. Ad income will be generated in a phases as before COVID 19 breakout. more  
Not sure why the media industry in particular is sacking its employees? Times are bad, but the journalists and the reporters have made all efforts to bring news from all over the world. The PM has asked the employers in his speech today not to sack employees. In the UK, the government has vowed to fund up to 80% of an employee's salary in this difficult period. Working from home is a good alternative to make the employees productive. If India is careful it will overcome the crisis better, and if the restrictions are not followed as per the plans, the losses would be huge. We are a populated country with a greater percentage of the population still unprotected from the vagaries of the nature. Let all of us fight the menace together and help the media industry in protecting the interest of its employees. more  
Post a Comment

Related Posts

    • Terrible job market

      36% students from IIT bombay are unemployed at graduation. Where exactly are we headed as a nation. Imagine the state at NITs and other govt engg colleges. Private colleges to we must forget only. ...

      By Ajay Dutta
      /
    • GST number is designed to compromise your details

      Dumbest thing in GST is using PAN as GST number and Mandating displaying GST number in Sign Boards. So that everyone on street knows our PAN. PAN is used as password in income tax docume...

      By Vinay Sen
      /
    • Will many CAs may have to close soon

      Many CA, CS and CMA Professionals have to either change work or close their practice after this attached circular.

      By Ajay Dutta
      /
    • Google is a pathetic company

      Google India hiked the rate of business mail by 350 %. With fear of recession looming and when msme are struggling this is not the right thing to do. It will cost msme sector 5000 crore per year...

      By Vishal Khanna
      /
    • GST filing

      Still GST system is not 100 % user/official friendly. there are news that so much money (in lacs) collected by fraudulent GST bills. I am a GST registered vendor. The company turn over is almo...

      By Subramanian Venkataraman
      /
    • Taxation Issues faced by Startups: Inputs Sought

      Many of you know how LocalCircles had worked with the Government in 2019 on resolution of angel tax issues under Section 56 (2)(viib) of the Income Tax act. Once again, the Government h...

      By LocalCircles Manager
      /
    • Why no penalty an dprosecution for govt

      Now our IT portal has become sick being suffering babu virus or extortion virus. McA site never works on last days and people have to pay penalties for mistakes of govt. Now professionals are wasti...

      By SUBHASH PARAKH
      /
    • Income Tax Return Filing Portal

      What about income tax return filing date? Any extension thereof? As of today, I am not able to file the return . Has any one else file the income tax return? Has Portal issue been solved? I have al...

      By Hasmukh Sangani
      /
    • Grass root experience

      I have been doing and promoting small business for the last 30 years. The real problem is that the ministers and their secretaries don't have practical experience and they look for 5 trillion dolla...

      By AMIT MADHAV BHATTACHARYA
      /
    • Why do Ministers refrain from engaging with businesses

      I find it quite interesting that the ministers want to deal only with tata adani ambani and not the real msme and startups. Why is the msme minister (appointed this week Narayan Rane) his secretary...

      By Aditi Mitra
      /
    • Why such mismanagement

      FICCI the industry association has written to Centre saying most of 40000 ventilators manufactured under PM Cares Fund last year are lying unused at government facilities. Mainly due to negligence ...

      By Sudesh Rai
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)