Sacked man worried about EMI management: ‘One email puts your whole life in jeopardy’ | Today’s news
Highlighting the financial and emotional uncertainty that can follow a sudden job loss, the CEO of a Bengaluru-based startup shared the story of a friend who was laid off while juggling a new home loan and growing family responsibilities.
Debjit Sen, founder and CEO of Engrow, visited X to discuss the broader impact of layoffs on salaried employees. His post came soon after Oracle announced another round of layoffs.
‘Layoffs are so brutal’: Bengaluru CEO shares friend’s story
“Layoffs are so brutal,” Sen wrote in his X post, explaining that losing a job can affect much more than just a person’s employment.
According to Sen, one of his old friends was recently laid off from his job after buying a new house. A friend and his wife already have one child and are expecting another.
The sudden drop in income has left the family unsure how they will meet their financial obligations, especially the monthly home loan payments and the costs associated with raising two children.
“One of my old friends got laid off recently. He just bought a new house and he and his wife are expecting their second child. Now he doesn’t know how he’s going to manage EMI and everything,” Sen wrote.
‘It can completely disrupt someone’s life’
Sen said the incident illustrates how layoffs can have ramifications that extend beyond the workplace.
“This is what layoffs do to people. It’s not just about losing a job. It can completely disrupt someone’s life,” he wrote.
“You can spend years building a career and suddenly one email can throw your whole life into limbo.”
The post drew significant attention to X, with several users sharing their own views on financial security and job insecurity.
Oracle Employee Shares Lessons From Job Insecurity
One commenter, who said he had spent several years at Oracle, described how the possibility of layoffs affected their approach to spending and financial commitments.
“Being at Oracle for so many years, I’ve learned a few lessons – no buying a house, buy the smallest car if you need to, no kids, no vacations and stuff, no buying fancy stuff (like just a basic phone that lets you call and use Zepto and Uber – that’s it).
Another wrote: “Avoid loans in life if you can; life is very unfair these days. Best to avoid any liabilities.”
Another said: “The safest and most challenging job is nursing because the number of hospitals is increasing.
One user commented: “Advice for those currently employed. Don’t buy a house for the next 5-6 years until things calm down. Nothing beats peace of mind.”
(Disclaimer: This report is based on user-generated content from social media. Livemint has not independently verified and does not endorse these claims.)
