Ratan Tata questions ‘definition of ethics’ of companies that lay off long-serving employees
In a recent interview, India's most respected business leader, Ratan Tata talked about sensitivity towards employees being crucial to survive and do well in the long run. Tata was quoted saying layoffs amid the COVID-19 pandemic was a knee-jerk reaction and shows lack of empathy among the top leadership. The respected industrialist and philanthropist was quoted saying in an interview with Shradha Sharma, founder and CEO of YourStory “Accept that you have to change in terms of what you consider is fair and necessary in order to survive. One cannot continue to do business in certain ways and one won’t survive if you are not sensitive to all your stakeholders. Working from home is one solution. Laying-off people will not help you solve your problems as you have responsibility to those employees.” Key highlights of the interview with Ratan Tata include It is impossible to survive as a company if one is not sensitive to its people. Whatever your reasons may be, you ha