logo
Mumbai man recalls firing 25 employees in one day, calls it his ‘darkest day'

Mumbai man recalls firing 25 employees in one day, calls it his ‘darkest day'

India Today2 days ago
A Mumbai-based founder recalled the darkest day of his corporate career, when he had to let go of 25 employees in a single day. He shared his experience in a LinkedIn post, which has now gone viral on the Internet.Sampark Sachdeva described the moment, writing: 'I saw the tear form at the corner of her eyes. And then, snap, it dropped.' He was seated across from a single mother when he had to tell her it was her last day at work.advertisement'It remains one of the darkest days of my corporate career. The day I was asked to fire 25 people,' Sachdeva said, adding, 'Back-to-back. One after the other. Each with a story, a home, a life that would be disrupted that evening.'
He revealed how he had to stay detached, without showing any emotion. 'No 'I'm sorry,' because that could be construed as accepting blame. Just: Please submit your ID card and laptop. HR will reach out for formalities. Your system's access will be disabled shortly.'Sachdeva explained that his organisation was going through a difficult time and that he had no role in selecting the employees who would be laid off. 'But try telling that to a father of two. To someone who just took a home loan. To the girl who had moved cities for this role,' he said.One employee, he recalled, accepted the decision without resistance: 'Sir, you had hired me. You were here, so I stayed. Today, you are asking me to go, so I will go.'As soon as his task was done, Sachdeva rushed out of the office and broke down, hiding his tears from his team. That night, he said, sleep did not come easily: "That day, I didn't feel like a leader. I felt like a number. A face delivering a system's decision. And yet, I carried their faces with me long after."He observed that corporate life teaches both resilience and compassion. "If you're a manager reading this, know that your words stay longer in people's lives than you think. And sometimes, what you don't say matters just as much."Years later, Sachdeva said he still remembers the faces of those employees and the silence that followed his announcement. The memory, he wrote, continues to weigh on him.'We all move on. Companies move on. Even those who were let go rebuild their lives. But some days, when I sit quietly by myself, that single tear still haunts me. Because leadership is not just about making decisions. It's about learning to live with them.'advertisementTake a look at his viral post here:Several social media users expressed their own opinions in the comments section. "Leadership is often portrayed as decisiveness and strength, but true leadership includes carrying the weight of difficult decisions with empathy," a user said, while another added, "Empathy isn't about lowering your standards, it's about elevating how you act when the choices are tough. Grace in action means slowing down to preserve the dignity and respect of those affected. Empathy isn't free; it will cost you time, and sometimes money.""Leadership isn't tested in the easy calls; it's forged in the ones that haunt you. In boardrooms, we speak of 'headcount reduction' as a number, but on the ground, it's a human loss. The best leaders balance organisational survival with dignity in execution. What's one way leaders can embed compassion into even the hardest corporate decisions?" A user questioned Sachdeva, to which he replied, "By showing empathy at every step."- Ends
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stocks in news: IndusInd Bank, India Cements, Godrej Properties, Clean Sciences, Exide Industries
Stocks in news: IndusInd Bank, India Cements, Godrej Properties, Clean Sciences, Exide Industries

Time of India

time33 minutes ago

  • Time of India

Stocks in news: IndusInd Bank, India Cements, Godrej Properties, Clean Sciences, Exide Industries

Market extended gains for the fifth consecutive session on Wednesday. In today's trade, shares of IndusInd Bank , India Cements , Godrej Properties , Clean Sciences, Exide Industries among others will be in focus due to various news developments. IndusInd Bank IndusInd Bank has taken decisive measures to address the identified legacy issues in treasury and microfinance as part of its efforts to come out of the financial mess caused by past frauds, the bank's chairman Sunil Mehta has said. Godrej Properties Mumbai-based Godrej Properties (August 20) announced the acquisition of a 7% stake in Godrej Skyline Developers (GSDL) for a total consideration of Rs 9.25 lakh from existing shareholders. Clean Sciences Promoters Ashok Boob and Krishna Boob are likely to sell up to 24% stake in Clean Sciences through a block deal, according to reports. Exide Industries Live Events Exide Industries has invested Rs 100 crore in its wholly-owned subsidiary, Exide Energy Solutions through a rights issue. Vedanta Vedanta has informed the NCLT about its intention to issue a corporate guarantee, which will be in favour of the Ministry of Petroleum and Natural Gas (MoPNG). Jupiter Wagons Jupiter Wagons received letter of intent worth Rs 215 crore for supply of 5,376 wheelsets for Vande Bharat Train. India Cements UltraTech board approved selling up to 6.49% stake in India Cements via OFS.

Infosys' confidence in better future in contrast to TCS's mood in the IT camp
Infosys' confidence in better future in contrast to TCS's mood in the IT camp

Mint

timean hour ago

  • Mint

Infosys' confidence in better future in contrast to TCS's mood in the IT camp

Infosys Ltd has become the first major Indian IT services company to express confidence in a turnaround, even as peers like Tata Consultancy Services Ltd (TCS) and Wipro Ltd adopt a cautious stance amid macroeconomic uncertainty and Gen AI disruptions. In a conversation with Kotak Institutional Equities analysts, Infosys chief executive Salil Parekh said tech spending is likely to improve. This comes after US President Donald Trump's tariff flip-flops have put client spending in limbo. 'Tech spending is likely to improve with lower macro uncertainty in developed markets,' said Kotak Institutional Equities analysts Kawaljeet Saluja, Sathishkumar S., and Vamshi Krishna, in a note dated 19 August. Infosys gets more than three-fourths of its business from developed markets, including the US and Europe. Most of Infosys's growth is driven by its financial services vertical, which makes up a little more than a fourth of its revenue. The brokerage also noted that the country's second-largest IT outsourcer is confident of meeting its FY26 guidance. 'The company is reasonably confident of meeting its FY2026E outlook,' Kotak analysts added, citing resumed transformation programs and easing trade uncertainties. The Bengaluru-based IT services company also raised the lower end of its FY26 guidance to 1-3% in constant currency terms in July, higher than the flat 3% growth it had projected in April, which was its slowest revenue guidance in at least a decade. Constant currency does not take currency fluctuation into account. Much of the increase in guidance was because of its acquisitions of US-based MRE Consulting and Australian cybersecurity services firm, The Missing Link, for about $98 million, both of which were announced earlier this year. However, Bengaluru-based Parekh was not all that sanguine on the macroeconomic environment back then. 'With the current outlook, we have seen a lot of the discussion on the economy worldwide having come to more stable situations but still seems that it's not fully settled," said Salil Parekh, chief executive of Infosys, during the company's post-earnings press conference on 23 July. A second reason for Infosys's newfound confidence is its reliance on its margin improvement plan. 'Competitive intensity for large deals remains elevated, but early focus and Project Maximus have helped maintain stability,' Kotak said. Project Maximus is Infosys' margins expansion programme launched in July-September 2023. It focuses on better large deal execution and reduced costs as one way to retain margins. Parekh's commentary is similar to that of New Jersey-based peer C. Vijayakumar, who is the CEO of HCL Technologies Ltd. 'We observed that the environment remains stable from an overall perspective, with some variations across specific verticals. It also did not deteriorate as feared at the start of the quarter,' said Vijayakumar, as part of his prepared remarks during the company's post-earnings press conference on 14 July. Infosys and HCLTech ended the April-June 2025 period with $4.94 billion and $3.55 billion, respectively, up 4.5% and 1.3% sequentially. Like Infosys, the third-largest HCLTech also narrowed its revenue guidance last month. The company now expects revenue growth between 3% and 5% in constant currency terms, higher than its 2% guidance on the lower end it had called out in April. Still, this is coming at the cost of margins. Last month, HCLTech lowered its full-year operating margin target to 17-18% from its earlier stated 18-19%. Although the management of the country's third-largest IT services firm attributed it to restructuring costs, analysts said this was to attract more business. Both companies reported a decline in profitability last quarter. Infosys and HCLTech reported operating margins of 20.8% and 16.3%, down 20 basis points and 160 basis points, respectively. Infosys' upbeat tone contrasts with TCS, which recently announced a 2% workforce reduction, about 12,200 employees, citing strategic initiatives. TCS posted a 0.59% sequential revenue decline last quarter, the worst among India's top five IT firms. Much of TCS's recent growth was driven by a $1.83 billion BSNL contract, which is nearing completion. Analysts warn that without a replacement, FY26 could see revenue decline. 'The magnitude of BSNL ramp-down (if it goes un-replaced) would mean that FY26 could be a year of declining revenue,' Motilal Oswal analysts said on 11 April. Despite this, TCS remains the most profitable among peers, with operating margins at 24.5%. While revenue growth has not been an issue for Infosys, similar concerns have been raised in the past on its ability to win deals valued at over $1 billion. Fourth-largest Wipro Ltd and fifth-largest Tech Mahindra Ltd have also adopted a cautious outlook amid macroeconomic uncertainties. They ended last quarter with revenues of $2.59 billion and $1.56 billion, down 0.35% and up 0.97%, respectively. However, a second brokerage said the mood across the largest IT outsourcers is expected to improve going forward. 'Demand, albeit soft, did not deteriorate. Increase in lower end of revenue guidance by INFO and HCLT indicates players don't expect deterioration going ahead too. Strong order backlog and a healthy deal pipeline likely limit downside,' said JM Financial analysts Abhishek Kumar, Nandan Arekal, and Anushree Rustagi, in a note dated 19 August. The brokerage added that the US Federal Reserve's interest rate cuts could benefit the country's $283 billion IT industry. 'Moderating inflation expectations, easing labour market situations (including IT Ops /Helpdesk/Software development jobs) and possibly the expectations that companies will absorb tariff-linked cost escalation have improved odds of Fed-rate cuts in September. This could possibly be a catalyst for mean reversal in IT Services' valuation,' said the JM Financial analysts. Rate cuts enable companies to borrow money from banks and financial institutions, with which they can fund their tech projects. For now, investors have not been all that enthusiastic about the country's top three IT outsourcers. Since the start of the year, TCS, Infosys, and HCLTech's shares have dropped 24.4%, 20.46%, and 22%, respectively.

UltraTech to sell up to 6.49% in India Cements through offer for sale
UltraTech to sell up to 6.49% in India Cements through offer for sale

Time of India

timean hour ago

  • Time of India

UltraTech to sell up to 6.49% in India Cements through offer for sale

Mumbai: UltraTech Cement will sell up to 6.49% stake in India Cements through an offer for sale , the company informed the stock exchanges on Wednesday. India Cements is an independently listed subsidiary of UltraTech Cement, in which it held 81.49% stake at the end of the June quarter. UltraTech Cement will sell up to 20.1 million equity shares of the company, which will help it pare its stake to 75%, in line with the norms of the Securities and Exchange Board of India (Sebi). The sale will be conducted on August 21-22. The floor price for the offer will be ₹368, the company said. At this price, the stake sale is likely to bring in nearly ₹740 crore for UltraTech Cement. Agencies Chennai-based India Cements was acquired by UltraTech Cement in 2024. UltraTech Cement first bought out the promoters and their associates' stake in the company, followed by an open offer for shareholders, making India Cements its subsidiary at the end of December 2024. Live Events India Cements shares closed 0.92% down at ₹370 apiece on BSE on Wednesday, while those of UltraTech Cement ended flat at ₹12,860. UltraTech Cement is currently the largest producer of building material in the country, with an annual production capacity of 192.26 million tonnes for grey cement. The company is set to cross 200 million tonnes of production capacity in this financial year, ahead of its original schedule of 2026-27.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store