![]() ![]() The chief executive said all the US-based employees laid off would get four weeks of severance, a month of full benefits and two months of coverup for which the company would pay the premium. He cited market efficiency, productivity and performance as the reason for the mass layoffs. “We are laying off about 15 per cent of the company,” he added. This time I hope to be stronger,” Mr Garg said. This is the second time in my career I’m doing this and I do not, do not want to do this. It’s been a really, really challenging decision to make. But ultimately, it was my decision and I wanted you to hear it from me. “This isn’t news you are going to want to hear. He began the announcement by saying the market had changed and the company had to move with it in order to survive. ![]()
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