247 Job News Saifudin Hidayat: Cutting to the chase about layoffs in Asia’s tech scene

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Jumaat, 3 Jun 2022

Cutting to the chase about layoffs in Asia’s tech scene

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Cutting to the chase about layoffs in Asia’s tech scene

I don’t want to ruin your day with baffling facts, but here’s a thought worth pondering: Between being unemployed and losing a loved one, it takes longer to adapt to the pain of becoming jobless.

While the idea initially defied my intuition, I realized how getting fired feels so personal.

Apart from the obvious economic insecurity it brings, it’s usually interpreted as a judgment of one’s character and abilities. It could potentially cause an existential crisis, so it isn't weird in the least that it could be harder to recover from losing your job than it is to grieve over death.

That’s why layoffs hurt people not just financially, but also emotionally and spiritually. There was a spike in job cuts at Asia’s tech startups in May, and it looks like another round is right around the corner.

Our big story for the day features all the details about recent layoffs across Southeast Asia, along with interesting data from China and India.

-- Deepti

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