Suniel Shetty: Actor, producer, and entrepreneur Suniel Shetty, has commented over Edtech giant Byju’s decision to lay off 2,500 employees from several departments in an austerity drive in view of increasing losses. The actor has not named Byju’s in the post. He also gave some advice Byju’s without naming the company. He said that at this time companies should think like Rahul Dravid. “Think long term. Think sprint vs marathon. Think Rahul Dravid. Stable and slow is just as great,” the actor added.
The actor wrote on LinkedIn that he is praying that the impacted ones will soon be able to get back on their feet at the earliest, and he would like to think that it was not an easy decision for the company to make.
Suniel Shetty wrote, “A recent article about a company laying off 2500 of its employees, was a tough one to swallow. Times 4, that’s 10000 lives affected. I’d like to think that this wasn’t an easy decision to make. Praying that the impacted ones are able to get back on their feet at the earliest.”
“While valuations and fundraising activity saw a sharp rise over the last few years, it is now clear that of late the global sentiment has turned somewhat conservative,” he added.
Shetty added that he continues to believe in the “India story”. “Among other factors, our population and its aspirations still present good businesses a huge opportunity to continue their growth, even if it’s at a slower rate than earlier,” he wrote.
The actor claimed, in reference to the world economic downturn, “India may or may not be affected by the severity of a global slowdown to the same level as some of the other major economies.”