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How to tide over pay cuts and layoffs amid covid-19

city Delhi covid-19 pandemic crisis travelers
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Bengaluru-based Deepayan Mallick, 27, finds himself in a tight spot due to the ongoing covid-19 crisis. He was forced to take a 20% salary cut, effective March, which means he got a lower salary at the beginning of April.

With 60% of his salary going towards education loan and other EMIs, and fixed expenses such as rent, he is using his savings to bridge the gap in his cash flows, but he fears his savings may run out soon. “I don’t want to defer paying my EMIs because that will be more expensive in the long term.

I think I’ll have to fall back on my family if things don’t normalize soon," said Mallick, an account manager at a content marketing firm.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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