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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CEO Shantanu Deshpande of Bombay Shaving Company recently paid attention to a serious issue, which has become a global trend in today’s time. We are talking about the large scale of professionals who have crossed the age of 40. He told that people of this age come first in the cost-cutting targets of companies due to their seniority and high salary.

These are the same people who have their career & ldquo; Golden Phase & RDQUO; They are preparing, but suddenly the job is not just a professional shock for them, but also becomes a tremendous financial and mental crisis.

100 responsibilities Savings 0

Deshpande said that at the age of 40, there are many responsibilities on a professional. Such as college fees, parents’ care, home loan EMI. But when their bank account is seen, saving is also very limited. In such a situation, the job of job is not less than a disaster.

They a & ldquo; Massive disturbance & rdquo; Said, which not only makes the career plan mess, but also confidence. According to a WHO report, 40 percent of such workers have seen serious tension in workers, especially in countries like India where Middle Age Male takes the main responsibility of male family.

How to avoid this

In response to a question on Linkedin, Deshpande gave three suggestions to deal with this challenge. These three suggestions are to dismiss yourself in new technology like AI. Emphasis on financial planning and increase savings and adopt entrepreneurship mindset. That is to trust yourself and your abilities. & Nbsp;

Many users on social media also confirmed that it is not easy to find a new job or change a skill at the age of 40, because by this age people have spent 15-20 years in the same field or skillset. Whereas the time and money you need to learn new skills is not with everyone.

This is the necessary warning

Overall, this matter of Shantanu Deshpande is an important warning in today’s era. That is, if you are at the age of 35 or above, then it is important that you mold yourself with time, invest in apusciling and keep the financial backup ready. Because career safety is no longer dependent on jobs, but on the flexibility and preparation that you already do.

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