By Admin 
corporate cost cutting: Bombay Shaving Company CEO Shantanu Deshpande said that 40 years of age employees are more affected during large scale retrenchment, as they usually earn the most salary. According to Deshpande, it is a growing concern in the corporate world.
He recently said on social media, "When there is going to be a large -scale pruning, people aged 40 are the most vulnerable, because they get the most salary." He further said that this trend is not only in India or any one country, but this trend is growing globally. This is due to economic instability and increase in the use of artificial intelligence. Deshpande further said, "Companies are now focusing more on reducing costs and streamlining operations, due to which several rounds have been trimmed."
Losing job emotional and financial blow- Deshpande & nbsp;
Deshpande also told that losing jobs in this phase of life can be emotional and financial shock. Deshpande further said, "People who have crossed the age of 40 often have to handle many responsibilities simultaneously. Their children may be in college, which require a lot of financial assistance and their parents have crossed 70 or 80, who need medical care and care."
’40 has the most responsibilities at the age of ’40’
He further said, "Losing a job at the age of 40 is a very big crisis financially and emotionally. At this age, you have the most responsibilities, including EMI, children’s education and old parents care." Deshpande said, "These responsibilities can quickly eliminate the savings of any person."
He further said that this is the time when people expect to reach high management and enter their golden salary years. Therefore, losing jobs at the age of 40 can cause huge instability both economic and emotional. He said that such incidents for affected employees & lsquo; emotional and financial disaster & rsquo; Can turn into.
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