^We are in the midst of layoff season. While the world is shocked to see large internet companies like Meta and Twitter fire employees, the Indian startup scene has also suffered. So, what led to this, what is happening now, and what is yet to come? ‍

Race to Mass Layoffs?

Adding to the difficulties in Silicon Valley is the possibility that Amazon will announce layoffs that will affect up to 10,000 workers. Following Microsoft, Twitter, Snap, Meta, and Twitter, Amazon is the next big tech company to lay off employees. There has also been a decrease in recruiting at Apple and other companies. 

In the wake of fears of a worldwide recession, technology companies, traditionally large spenders, are now turning to cost-cutting.

Mass Firings: What Led to This?

From January 1 to June 1, 2022, the market capitalization of the top 30 technology companies decreased by $4.3 trillion. These 30 companies represent the majority of the value of the global tech market.

At least $5–6 trillion was lost in the global listed tech market as a whole. The top 30 businesses account for $4.3 trillion of this. In actuality, the combined contribution of Apple and Microsoft to this market value decline is close to $1 trillion. 

From June to August 18, the market value of the top 30 tech companies experienced a $900 billion recovery.

What's the situation in India?

Many edtech companies have let go of employees, including Byju's and Unacademy. It was reported that Unacademy had laid off 1,150 employees, while Byju's laid off 550 employees, not far behind Vedantu, which had laid off 624 employees.

Meanwhile, MFine laid off 600 workers, Ola fired 500 people, and Cars24 reported 600 job losses. In all cases, layoffs were caused by tighter monetary policies and a correction in the stock market.

How About the Attrition Rate?

In addition to layoffs, IT organizations have experienced high attrition rates. Labor costs and the cost of acquiring talent led to squeezed operating margins for all IT majors during the previous quarter.

During the first quarter of FY23, Indian IT companies spent, on average, 57% of sales on employee salaries, with some, like Infosys, raising their top performers by one or two digits. TCS's attrition rate for Q4 of FY22 was 19.7%, much higher than Infosys's 17.4%.

In Q4FY22, HCL Technologies experienced an increase in attrition from 21.9% to 23.8%. However, Wipro has managed to keep attrition rates relatively stable, dropping from 23.8% to 23.3% between April and June.

^Ever felt like your brain was stuck in a never-ending loop of video meetings, a mind-numbing carousel of screens and voices? You’re not alone. Millions around the world have been in that same sinking boat, trapped in back-to-back video conferences that drain the life out of the workday.

But what if there was science behind this feeling? What if it wasn't just a gut reaction but a measurable response happening inside your brain? 

Microsoft decided to dive into this very question, peeling back the layers of our Zoom-fatigued minds.

With electroencephalogram (EEG) caps and a well-thought-out experimental design, they set out to dissect this modern-day conundrum. And what they found was not just fascinating; it was enlightening.

Welcome to the deep dive into the scientific underbelly of meeting fatigue. 

The Back-to-Back Meeting Phenomenon

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We all felt it: the accumulating stress from one meeting to the next. Microsoft's study, conducted among people participating in video meetings and monitored by electroencephalogram (EEG) equipment, put data into our feelings. As consecutive video meetings increased, so did stress.

“Our research shows breaks are important, not just to make us less exhausted by the end of the day, but to actually improve our ability to focus and engage while in those meetings,” says Michael Bohan, senior director of Microsoft’s Human Factors Engineering group, who oversaw the project.

Microsoft isn't just identifying the problem; they're pointing to an easy remedy: taking a break in between meetings. 

The Science Behind the Break

Work used to be different. A 9-to-5 job, a desk, a chair, and maybe a few office plants. But with the rise of remote work and back-to-back video meetings, the workplace has become a battlefield of cognitive overload and stress. 

Thankfully, science is here to help us understand why a break isn't just nice – it's necessary.

1. Breaks Reset the Brain

Beta waves – those little electrical signals our brains send out – they spike with stress. But when you take a break and perhaps indulge in a bit of meditation, those beta waves calm down.

Imagine your brain as a bustling city. The traffic of thoughts and tasks builds up during meetings. Breaks are like traffic lights, allowing the mind to slow down and the traffic to clear.

2. Meditation Isn’t Just for Monks

Meditation isn't about achieving nirvana; it's about giving your brain a moment to breathe. The Microsoft study showed that when participants meditated during breaks, they could enter the next meeting with a more focused and relaxed mindset.

It's like hitting the refresh button on your brain's browser. Everything loads faster and works better.

3. The Tricky Transition Between Meetings

Switching from one meeting to the next without a break is like trying to change lanes in a speeding car. Stress levels spike, and focus plummets.

The science? Beta wave activity. It jumps when you move between meetings without a break. Add in some meditation, and that spike levels out.

In other words, slow down before you switch lanes.

4. The Ripple Effect of Mindful Breaks

This isn't just about one study or one set of meetings. It's about creating a work culture that respects the brain's need to reset.

The science behind taking breaks goes beyond just reducing stress. It's about promoting a state of mental well-being that can last a lifetime. It's about recognizing that our brains need downtime, just like our bodies.

The results? 

The results were fascinating, with three main takeaways:

The Microsoft study was no mere surface-level glance at meeting fatigue; it was a scientifically rigorous investigation. Let's unpack the takeaways and see how they're backed by the cold, hard data.

1. Breaks Reduce Stress Buildup

Beta waves are like your brain's stress-o-meter. The more they build up, the more stressed you feel.

The Findings: In back-to-back meetings, beta waves increased over time, showing a cumulative buildup of stress. When participants meditated during breaks, beta activity decreased.

The Science Says: Beta waves are linked to anxiety and tension. They build up when we're engaged in tasks that demand concentration and focus. The study's evidence of breaks reducing this beta wave buildup means a real, tangible drop in stress.

2. Breaks Enhance Focus and Engagement

Frontal alpha asymmetry is a fancy term that tells us about engagement. Positive levels mean higher engagement; negative levels mean the opposite.

The Findings: With meditation breaks, the alpha wave levels were positive, showing better engagement. Without breaks, the levels were negative, indicating less engagement.

The Science Says: Alpha waves are associated with relaxed alertness. Meditation, even short breaks, has been shown to increase alpha waves, enhancing focus and creativity. This study provided real-world evidence of this effect in a business setting.

3. Transitions Between Meetings Spike Stress

Remember those beta waves? They also spike during transitions between calls. They're like the stress ripples in your brain, rising with each change.

The Findings: Researchers noticed that beta wave activity jumped sharply when transitioning between calls without breaks. With meditation breaks, the increase dropped.

The Science Says: This observation points to the stress induced by constantly shifting gears. Beta wave spikes during transitions align with what's known about multitasking's stressful effects on the brain. Breaks reduce this "gear-shifting" stress, leading to a more balanced mental state.

A Simpler, Smarter Way to Work

The evidence is in, and the verdict is clear: more breaks equal less stress and more productivity. It's time for a meeting revolution. With tech giants like Microsoft leading the way, the future of work looks more balanced, more focused, and more humane.

It's not just about surviving those meeting marathons anymore; it's about thriving in them. Try the change, redefine the norm, and discover a simpler, smarter way to work.