70% of MSMEs intend to reduce headcount to save businesses: AIMO survey

Over 70 per cent of micro, small and medium enterprises (MSME) might reduce their employee count in order to save their businesses and get back on track, according to a survey conducted by the All India Manufacturers Organisation (AIMO).
 

The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.

The survey was conducted in association with Digitally 4 Empowerment (D4E) a Social Tech Enterprise and other trade bodies like Federation of India Industry (FII), Association of Indian Industry (AII),