Salary cuts arrive at Indian startups amid the coronavirus slump

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Technology, Business Services

Salary cuts arrive at indian startups amid the coronavirus slump

03 Apr 2020

1 min read

Yet, they were committed to avoiding layoffs. “Startups are looking to cut costs and salaries but avoiding layoffs because hiring good performers is a challenge. So, leaders are discussing restructuring pay with their employees rather than firing them outright,” said Madhur Singhal, managing director at Praxis Global Alliance Mumbai.

Featured business unit: Praxis Global Alliance and PGA Labs

This article was originally published on Quartz India. Read more.

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Salary cuts arrive at Indian startups amid the coronavirus slump | PraxisGA