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18.9 mn salaried people lost jobs since April, 5 mn in July, says CMIE

The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, as per the data

layoffs, job loss, lay-offs, unemployment
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Since the lockdown was announced, several companies across sectors have taken to job cuts, along with salary reductions and leave without pay.

IANS New Delhi
The number of salaried people losing their jobs amid the coronavirus pandemic has surged to 18.9 million since April, with around 5 million jobs lost last month, according to data from the Centre for Monitoring Indian Economy (CMIE).
The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, as per the data. In April, 17.7 million salaried jobs were lost, followed by 100,000 job losses of salaried employees in May.
"While salaried jobs are not lost easily, once lost, they are also far more difficult to retrieve. Therefore, their ballooning numbers are a

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First Published: Aug 19 2020 | 9:12 AM IST

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