Home Credit layoffs: Home Credit India lays off 1,800 employees

NEW DELHI: Consumer loan finance company Home Credit India said Thursday it has cut its workforce by 1,800 employees due to the slowdown caused by the COVID-19 crisis.

“The unprecedented coronavirus pandemic has affected all aspects of our lives. It has had an impact on each of us, our families, our customers, our partners and our businesses. These difficult circumstances forced us to review and recalibrate our business strategy while maintaining sustainability and business continuity. in mind, ”the company said in a statement.

“Unfortunately, this means reducing the size of our team to meet the demands of these exceptionally difficult times. After careful deliberation, we have made the difficult decision to downsize by 1,800 employees in India,” he said. declared.

It is a difficult decision and as an organization and the company will try to help those affected to obtain new opportunities, he said.

Over the next 12 months, he said, Home Credit India‘s talent acquisition team will actively support these employees.

“We are convinced that we will go through this unfavorable period to achieve our goals of credit penetration and financial inclusion through solutions that are simple, transparent and accessible to all,” he added.

Earlier this month, multiple companies including Indiabulls Home Finance, HDB Financial Services, Uber, Ola and Swiggy laid off employees as the coronavirus pandemic hit the business.