It is not missing domestically including the world’s leading companies such as Apple, Meta, Google and Amazon. IT companies are also sidelined due to fake certificates in other names, in the name of poor performance. It is noteworthy that the leading domestic IT company TCS has shown a decrease in the number of employees in a quarter for the first time.
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Consulting giant PwC conducted a survey of CEOs of major companies in the wake of fears of a recession. The World Economic Forum (WEF) has released its Annual Global CEO Survey on the first day of its annual meeting. However, it is noteworthy that a slightly different opinion is revealed in this. Most CEOs are of the view that most companies are not looking to reduce headcount and are not keen on cutting salaries. Especially the CEOs of Indian companies are more in it. It has been revealed that more priority will be given to reduce operating costs.
But on the current path, if the trend continues… 40 percent of the CEOs, i.e. 4 out of 10, believe that their companies will not be financially profitable for more than ten years. Out of this 40 percent are CEOs of global companies and another 40 percent are CEOs of Indian companies.
A huge boost in the budget for railways.. 400 more Indian trains.. How many in Telugu states?
78 percent of CEOs of Indian companies, 73 percent of global CEOs, and 69 percent of Asia Pacific CEOs believe that global economic growth will decline in the next 12 months. It is remarkable that most of the Indian CEOs are of the opinion that the economic growth in India will remain positive regardless of the global outlook.
93 percent of Indian CEOs are of the opinion that they are planning to reduce operating expenses given the current situation. It is 85 percent globally and 81 percent in Asia Pacific. A total of 4,410 CEOs were surveyed in 105 countries. There are 68 CEOs from India. The survey was conducted between October-November 2022.
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And 85 percent of the CEOs said that they are not planning to reduce the number of employees. 96 percent of the CEOs revealed that there is no intention of reducing the wages of the employees. On the other hand, despite the political and geographical tensions around the world, most people predict that India’s economic growth will be better.
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