The Indian Wire » Business » Covid-19 Crisis; Home Credit India lays off 1800 employees

Covid-19 Crisis; Home Credit India lays off 1800 employees

Home Credit

Consumer loan finance firm Home Credit India on Thursday said it has laid off by 1,800 employees due to slowdown caused by COVID-19 crisis.It is a tough decision and as an organisation and the company will try to help the affected people in getting new opportunities, it said. For the next 12 months, the Home Credit India’s talent acquisition team will sincerely support these employees.

“The extended covid-19 pandemic has affected each one of us drastically. It has impacted each one of us, our families, our customers, partners and businesses. These unforeseen situations have compelled us to revisit and re consider our business strategy keeping sustainability and business continuity in mind,” the company said in a statement.

The report also included wherein it said, that crunching the size of the team was necessary in these challenging times. And also, after careful scrutinisation it was hard to come to this particular conclusion.

Economy lately being in a bad shape, few of the companies earlier like Indiabulls Home Finance, Uber, Ola and Swiggy, Zomato have laid off employees in volumes as a result of covid-19 pandemic.

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