Helios Capital’s Samir Arora calls ongoing layoffs ‘Fair trade off’; here’s why

After a bruising 2022 where companies from small startups to tech giants started cutting their workforce and slammed the brakes on expansion, the year 2023, too is looking the same as layoff continue. With almost 2 weeks into 2023, more than 30,000 workers lost their jobs globally. Incidentally, this is nearly double the number of people laid of in the entirely of December 2022. A data from Layoffs Tracker has indicated that a total of 30,611 people from 30 companies have been fired in the first six days of January. Alphabet’s CEO Sundar Pichai in a mail sent to employees…