by Muskaan Mehta
YourDOST’s analysis in their Fired to Fired Up campaign reveals that over 60% laid off professionals displayed symptoms of anxiety or depression.
Occupational insecurity due to lay off’s in the Information Technology sector is making more than 62 per cent professionals jittery as they are suffering from anxiety and depression. With IT sector forecasting loss of nearly six lakh jobs in the next three years in India, there is a cause of alarm among the employees working in this sector. There is an increasing deterioration of mental wellness amongst these professionals due to job insecurities, according to a recent random online survey carried out across cities.
With more than 1000 queries in the last weekend, experts state that many of them are seeking online counselling to cope with the stress that they are facing. The survey found that 57 per cent of the young professionals were not opening up about their problems to friends and family and were battling it out alone.
The data compiled and analyzed by YourDost from the various online queries and counselling shows that 65 per cent of enquires were from professionals who had been laid off. They were now insecure about their job and stability. They were also low on confidence due to the uncertainty in the industry. Most of them had less than two years of experience and had been unemployed for at least last three months. They had not told their friends and family about their unemployment and neither sought help. They had shown symptoms of anxiety, depression and were worried about the monetary insecurity.
Richa Singh, YourDOST’s Co-founder and CEO, explained, “The societal stigma attached to losing a job is proving to be detrimental to the mental health of professionals. This aspect of lay-off’s is hardly given a thought in our society. There is a strong need to provide professional help to minimize the emotional suffering of the employees. They require a strong support system and have to be motivated to take it up as a challenge and face it.”
The analysis found that 50 per cent of those who sought help were very low on self-confidence had had to be motivated via a regular online session. There were 25 per cent of young professionals who were confused about their career choice and sought guidance in planning for their future.
Dr K Prashanth, senior psychologist explained, “The present lay-off’s are by big companies who have a brand name in the market. The behaviour of the companies and their sudden decisions are leaving those laid off in a lurch. This pattern is affecting not only their finances but also their social standing in the society. Many of them are not disclosing that they are jobless as the society will look at them in a different way. These social problems are further sinking them rather than helping them cope with the change.”
1) Most of the people seeking help are in the age-group of 24 to 29 years and maximum numbers were of males.
2) 65% professionals discussed issues related to lay-off
3) 62.5% professionals with lay-off related issues showed symptoms of either anxiety or depression
4) 57% professionals suffering through a lay-off did not seek any support
5) 63% professionals face monetary issues with less than 3 months’ savings
6) 42% professionals belonged to rural markets
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