Covid Pandemic Impact On Jobs

After the nationwide lockdown, within a few weeks over 100 million Indians lost their jobs. Women were several times more likely to lose their jobs than men and far less likely to recover work after restrictions lifted.

India has been struggling with an unemployment problem and the coronavirus pandemic is making it even more difficult for its youngest workers to earn a decent living, shows an analysis by the London School of Economics.

The job cuts are part of a restructuring plan to reduce expenses "in light of the ongoing economic challenges resulting from the COVID-19 pandemic and its impact on the company's business," Lyft said in a filing with the Securities and Exchange Commission.

After the nationwide lockdown, within a few weeks over 100 million Indians lost their jobs. Women were several times more likely to lose their jobs than men and far less likely to recover work after restrictions lifted.

India has been struggling with an unemployment problem and the coronavirus pandemic is making it even more difficult for its youngest workers to earn a decent living, shows an analysis by the London School of Economics.

The job cuts are part of a restructuring plan to reduce expenses "in light of the ongoing economic challenges resulting from the COVID-19 pandemic and its impact on the company's business," Lyft said in a filing with the Securities and Exchange Commission.