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Job Cuts Imminent At The Economic Times

The Economic Times executive editor Rahul Joshi told his newsroom on Friday afternoon that job cuts would soon be announced. According to a person who attended the meeting, Joshi did not specify how many jobs were likely to be affected at the country’s largest business daily. Joshi said at the meeting that the move was forced by the company’s financial position, and that ET had decided that the current staffing levels aren’t sustainable. In a slowdown, advertising is the first to be hit and the last to recover, he said, according to the source.

Since ET publisher Bennett, Coleman & Co. Ltd is a privately held company, we don

3 Responses to “Job Cuts Imminent At The Economic Times”

  1. It is absolutely unbelivable that so called large cos like BCCL which have boasted profits, went on rampant hiring, invested in various sectors ( disinvestment) are talking about slow down & decrease in profits. So the companies have reason now to give pink slips when the slowdown has just started.

    I don;t understand how this cos. will survive in long run & how the prospective candidates will view the company on a long run if things improve. A'int there any scalable measure this cos. can take bring down costs.???? . I suppose this cos. practice what they write about other cos. layoffs.