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US firm backs out of lay‑off freeze, pays severance to 800 Kerala staff Business

US firm backs out of lay‑off freeze, pays severance to 800 Kerala staff

Short2News· 2mo ago ·📍 Kerala ·👁 29 reads

A US‑based company has reversed its earlier decision to freeze layoffs, issuing severance packages to about 800 employees in Kerala. The move comes despite intervention by the Kerala state government, which had urged the firm to retain its workforce. The reversal highlights tensions between multinational firms and local labour regulations. It raises concerns about job security for workers in the region.

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