Ratan Tata unhappy with layoffs in Indian companies, said- lack of empathy in leadership

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ratan tata

New Delhi: Tata Group Patriarch Ratan Tata expressed his displeasure over the layoffs in Indian companies due to the Covid-19 Pandemic during an interview on Thursday. He said that in such a difficult time of the Corona virus, it is the responsibility of companies towards people. On the countless incidents of Indian companies being fired, he said that it seems as if there is a lack of empathy in the top leadership of companies.

Ratan Tata said in an interview to the news website YourStory that these are people who have worked for the company. He has devoted his entire career to the company. During this crisis, instead of supporting them, you are making them unemployed. The leading industrialist of India said that for entrepreneurs and companies to work long hours and perform well, sensitivity towards employees is paramount.

Tata said that in the era of Corona epidemic you treat your employees like this, is this your morality? He stated his thinking about business and said that business does not just mean making profits. It is very important that the interests of the stakeholders, customers and employees associated with you should also be kept in mind.

Explain that the Tata group has decided to cut the salary of senior management by 20 percent during this crisis of Corona, but has not trimmed anyone in the sector from airlines to auto business. Significantly, the Tata Group has contributed Rs 1,500 crore to the PM Cares Fund prepared by the Central Government to deal with the Corona crisis.

He said that earning profits of companies is not wrong. But it is also important to do this work ethically. This question is very important, what are you doing to earn profits? He said that it is also important for companies to keep in mind what value is being added to customers and shareholders while earning profits. All these aspects are important. In the current situation, managers must keep asking themselves the question, are the decisions they are taking right?

Ratan Tata said that when the outbreak of Corona epidemic started in the country, only then thousands of people were fired. Can this solve your problem? He said that I do not think this can happen, because you have suffered in business, then it is not right to throw people out of jobs. Rather, you have a responsibility towards them. He said that the company cannot survive for long, which is not sensitive about its people.

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