India Inc asks new recruits to 'stay home' amid coronavirus outbreak

Several firms are asking new recruits, including top management hires, to defer their joining date till the pandemic subsides and not quit from their current organisations. The development comes amid drying cash flows for India Inc.
 

Chief executives (CEOs) and head-hunters say that besides an across-the-board freeze on hiring, a salary cut for staff starting April is a possibility. Many firms have asked those joining on April 1 to delay their on-boarding by 2-3 months.
 

“While we have on-boarded several staff digitally who were hired earlier in the year, there is no plan to hire anymore till the end of