Earnings gloom here to stay? | Pashupati Advani speaks to ET Now
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‘The economic news that we are seeing all around us is obviously not so good. If you look at non-essential business, they are struggling to even come up with revenues despite the fact that some of them are allowed to open their factories with one-third workers or half the workers in certain states. So it is a challenge for everyone. The second thing is so far we have seen cuts in salary, which is obviously going to affect certain sectors but we are also seeing layoffs happening. I read today that Uber is laying off 600 staff; so that is the tip and a lot of the VC-backed companies which are actually looking at being the next set of unicorns are seeing huge layoffs. So those are the challenges; it is not just India, but these are challenges that the whole world is facing and India is probably facing its worst because we real’ says Pashupati Advani to ET Now. Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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