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Staff Over 40 Age Facing Job Loss Risk

Staff Over 40 Age Facing Job Loss Risk

Staff Over 40 Age Facing Job Loss Risk
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15 April 2025 6:50 AM IST

People in their 40s often have to manage several responsibilities at once. Their children may be in college, which requires significant financial support, and their parents might be in their 70s or 80s, needing medical care and attention -- Shantanu Deshpande, CEO of Bombay Shaving Company

Mumbai: Employees in their 40s are facing the highest risk during mass layoffs as they usually earn the highest salaries, according to Shantanu Deshpande, CEO of Bombay Shaving Company.

As per Deshpande, it is a growing concern in the corporate world.

“When a mass layoff is about to happen, those in their 40s are the most vulnerable because they’re the highest paid,” Deshpande said in a recent Instagram post.

This pattern, he noted, is not limited to India or any particular country. It is happening globally due to increasing economic uncertainty and the rising use of artificial intelligence.

“Companies are now focusing more on reducing costs and streamlining operations, which has led to multiple rounds of layoffs,” he added.

Deshpande also pointed out that losing a job at this stage of life can be an emotional and financial shock.

Mid-Career Layoffs Shantanu Deshpande Corporate Downsizing Economic Uncertainty AI and Job Displacement 
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