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Job losses higher among youngest, oldest employees in Covid 2.0: Survey

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MUMBAI : When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second wave of the pandemic, a survey of by a Fortune500 company has said.The survey, conducted in April this year, covered 2,000 persons in India.Six percent of those over 55 years of age reported having permanently lost their job, as against 4% last year.In those aged under 24, the proportion reporting a permanent job loss has increased to 11% from 10% in the year-ago period, the survey done by financial technology company FIS said.The Centre for Monitoring Indian Economy in May estimated that over 1 crore Indians have been rendered jobless because of the second wave of the pandemic and the.

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United States
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