Advertisement

CEO of VISA Pledged “No COVID-19 Related Layoffs in 2020”

The pandemic has brought a drastic impact into the economy and with such a current situation, the aftermath is not going to be fruitful. In such a situation, the most vulnerable thing between an employee and an organisation is the layoff in order to make it through the crisis. 

However, according to a survey, to combat this situation, a majority of leaders expect that their business would return to normal within three months if COVID-19 were to end immediately. Organisations will be focusing on near-term solutions to manage disruptions, rather than longer-term solutions with strategic implications.

Recently, in a post, Chairman and CEO of Visa, Alfred F. Kelly Jr. assured his 20,000 colleagues that the company will have no COVID-19 related layoffs in 2020. Kelly said, “There is enough sadness in the world and already too many families impacted by job losses. I have no interest in contributing to that.” He added, “Our employees and clients continue to be my top priority during this challenging time.”

THE BELAMY

Sign up for your weekly dose of what's up in emerging technology.
Click here to view the post.

According to reports, the Ministry of labour and employment said, “The termination of an employee or a cut in salary will only further deepen the crisis and will not only weaken their financial condition but also hamper their morale to combat this epidemic.”

More Great AIM Stories

Ambika Choudhury
A Technical Journalist who loves writing about Machine Learning and Artificial Intelligence. A lover of music, writing and learning something out of the box.

AIM Upcoming Events

Regular Passes expire on 3rd Mar

Conference, in-person (Bangalore)
Rising 2023 | Women in Tech Conference
16-17th Mar, 2023

Early Bird Passes expire on 17th Feb

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
27-28th Apr, 2023

Conference, Virtual
Deep Learning DevCon 2023
27 May, 2023

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox
AIM TOP STORIES