After Large scale lay offs by Jet Airways, the industry chambers Assocham has predicted upto 25 percent job cuts in the infrastructure, services and aviation sector. After a survey, the Assocham declared that the layoffs shall be in seven key sectors namely steel, cement, IT-enabled services /BPO, financial and brokerage services, construction, real estate and aviation. 

However, the chamber expressed that this could be reversed if RBI "discontinues with its tight monetary policy" and reduces rates to bring in more liquidity in the market "which in turn would create a lot of economic activities for creation of job opportunities."

Avoiding the Festive season, the companies will hand over the pink slips within 10 days. The president of Assocham stated that HR departments in major companies, which are the most badly effected due to economic recession have no choice but to take this step. 

Furthermore, quoting Jindal, "Employers have no other alternative as part of their corporate strategy ....for sustaining their operations with squeezed margins (even) after drastic cost cutting measures."

The survey and analysis also suggested that the stern measures will directly hit the less productive, inefficient and undisciplined staff due to the current economic negativity and therefore corporates are not anticipating any resistance in executing their conclusive restructuring and downsizing measures.