The people-first approach can make you win in the long run

The Global economy is evidently going through a tough time. Within the last two years, we’ve moved from a “Covid era”, to a “Post-Covid era.” Not immune by that shift, the workforce space too, has quickly jumped from a “Great Resignation” phase to the current phase of “Great Layoffs.”

Until now, more than 200,000 people have lost their jobs in India alone and the number has been rising. In 2023 alone, 500+ companies have announced 150,000+ layoffs. And besides the heavyweights, amid a “Funding Winter”, both startups and Unicorns are feeling the heat too! Clearly, it’s a wake-up call for everyone involved, top to bottom!

Having said that, there’s a marked difference between a wake-up call and a panic call. And it’s the former that we need to answer. Because even at a time when AI-powered tools are threatening to transform our lives and work beyond recognition, human innovation will continue to be the driving force of the progress we make. And for that reason alone, attracting and retaining top-tier talent is and will continue to be a cornerstone for any organisation.