South Kashmir: Leading companies such as Twitter, Meta, Amazon are conducting thousands of ad reduction activities internationally. This has created confusion among employees working in multinational companies. In this context, Sridhar Vembu, Chief Executive Officer of Soho Company, has spoken about it.
Indians have also been affected by this retrenchment move by tech companies. He also said that this action is a Silicon Valley model. It is the American companies that have taken this retrenchment action.
“This is called the Silicon Valley model. Everyone knows that this cycle is full of ups and downs. This time India has been affected more. That is why we are talking about it.
We can learn a lot from Silicon Valley. But it cannot be implemented here. We need to structure our institutions differently. Recruit talented employees and grow through them. If there is a problem, they will be fired. This is that model. But this is not set for us here. Indian companies should develop their own models.
That is how our company operates. Rural youth should be brought into the main stream. When we tried to build this, there were questions about whether we could. Now it has become possible,” said Sridhar Vembu.