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.
Can Weekend Sleep Recovery Reduce Heart Disease Risk by 20%?
Nitesh
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The allure of the weekend sleep binge is undeniable—after a grueling week of early mornings and late nights, the idea that a long, restful sleep on Saturday and Sunday can undo the damage seems like the perfect solution.
But let’s challenge this notion with an analogy: If you’re running a marathon, can you expect to cross the finish line if you only sprint for the last mile?
Similarly, expecting weekend sleep to fix a week’s worth of sleep deprivation is like hoping a band-aid will heal a broken bone.
A groundbreaking 14-year study from China’s State Key Laboratory of Infectious Disease recently sent shockwaves through the health world. Their findings revealed that those who indulged in weekend sleep “recovery” had a 20% lower risk of heart attacks and strokes compared to those who consistently underslept.
At first glance, this seems like a game-changer. After all, if an extra few hours on Saturday can mitigate the week’s damage, then we’ve found the holy grail of sleep hacks—right?
Unfortunately, that’s where the promise ends and the pitfalls begin.
Sleep Is a Long-Term Investment, Not a Short-Term Fix
Think of sleep like compounding interest—it works best when invested consistently over time. While the Chinese study brings promising results, it leaves a critical question unanswered: how sustainable is this approach?
The National Sleep Foundation's research offers a sobering reality check. It takes longer to recover from sleep debt than previously thought—catching up on lost sleep requires more than a weekend lie-in. According to their findings, even one hour of lost sleep can take several days to recover from. If you’re sleep-deprived for five days, two extra days won’t be nearly enough.
Moreover, recent insights from Dr. Eve Van Cauter, a leading researcher in sleep and metabolic health at the University of Chicago, highlight the detrimental effects of irregular sleep patterns. Her team found that shifting sleep schedules on weekends disrupts the circadian rhythm and leads to what’s known as "social jetlag"—a phenomenon where your body clock gets misaligned. Social jetlag contributes to higher rates of obesity, insulin resistance, and cardiovascular risk—negating any potential short-term gains from weekend catch-up sleep.
Simplifying a Complex Issue
Let’s introduce a central metaphor that captures this paradox: “buttonification.” Buttonification refers to the belief that complex, systemic problems can be fixed with a simple, one-time action—a quick push of a button. In the case of sleep, weekend recovery is a buttonification attempt. It simplifies the intricate science of sleep into a hack, offering a temporary solution to a chronic problem.
The reality is more nuanced. Sleep is not just about hours; it’s about quality, regularity, and the body’s hormonal balance. Cortisol, for example, plays a pivotal role. When sleep-deprived, your body produces more cortisol, a stress hormone linked to inflammation, blood clotting, and ultimately heart attacks. While a weekend of sleep might reduce cortisol levels temporarily, it doesn’t reverse the long-term cardiovascular damage caused by chronic sleep deprivation.
Let’s talk numbers. According to a comprehensive review by the European Society of Cardiology, sleeping fewer than six hours per night increases the risk of fatal heart disease by 48%. This statistic alone underscores the dangers of underestimating sleep's role in cardiovascular health. More importantly, irregular sleep patterns—like those encouraged by weekend lie-ins—only exacerbate this risk.
Take Sweden’s Stress Research Institute as another case study. Their analysis of over 43,000 participants showed that those who slept inconsistently, oscillating between short weekday sleep and long weekend sleep, had a 30% higher risk of cardiovascular incidents than those who maintained a regular 7–8 hour sleep pattern. The stark takeaway? Irregular sleep may do more harm than good, even if the total hours balance out.
Unpacking the Sleep-Heart Health Equation
To fully grasp why catch-up sleep fails, we need to delve into the sleep-heart health connection. Sleep deprivation triggers the sympathetic nervous system—the body’s "fight or flight" response—which keeps your heart rate elevated and your blood pressure high. Over time, this increases atherosclerosis (the buildup of plaque in the arteries), leading to heart disease.
Yet, it’s not just the quantity of sleep that matters. Harvard Medical School’s 2022 study on sleep fragmentation showed that disruptions in sleep architecture—even brief awakenings during sleep—can accelerate arterial stiffening and contribute to hypertension. Weekend sleep-ins may restore quantity, but they do little to improve the quality or consistency needed for long-term heart health.
The Evolution of Sleep Hygiene
So, how do we evolve past the buttonification of sleep? It starts with a mindset shift—sleep is not an indulgence but a necessity. We must prioritize consistent, high-quality sleep throughout the week, not just on weekends. Practical strategies like sleep hygiene practices, including maintaining a consistent bedtime, reducing screen time, and optimizing your environment for better sleep, can yield more sustainable results than hoping for a weekend miracle.
The American Academy of Sleep Medicine recommends at least 7–8 hours of sleep per night, on a consistent schedule, as the gold standard for cardiovascular protection. Their research indicates that reducing sleep variability—not just total hours—may lower the risk of metabolic syndrome by up to 25%.
The False Security of Catch-Up Sleep
As tempting as the promise of weekend recovery may seem, it’s a false security. Just like financial health, sleep health requires consistency, not shortcuts. The science is clear: while weekend catch-up sleep might offer short-term relief, it’s not a sustainable solution for long-term cardiovascular protection.
In a world obsessed with productivity hacks and shortcuts, sleep is the one area where no shortcuts exist. The path forward? Prioritize regular, sufficient sleep—not just for your heart but for your overall well-being. It’s time we stop trying to fix systemic health problems with a quick button and start recognizing that sleep is an investment in our future.
Occupational Wellbeing
Research Shows Resilient Mental Health Post-Pandemic
March 28, 2023
Disha Shah
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The COVID-19 pandemic has upended lives and disrupted the normal rhythm of society. It's no surprise that many people have been struggling with their mental health during these trying times.
However, a recent study published in the peer-reviewed medical journal BMJ is shedding light on a surprising finding: in general, people's mental health has remained remarkably resilient despite the pandemic.
In this article, we will take a deep dive into the findings of the study and explore what they mean for mental health surveillance and policy.
So, buckle up and get ready to learn about the power of the human spirit and the resilience of our mental health during challenging times.
The Study
In the study published in BMJ, researchers assessed the impact of the pandemic on mental health by analyzing 137 studies from around the world. The findings challenge some of the commonly held assumptions about the pandemic's effects on well-being.
Breaking Down the Data
The study analyzed various mental health indicators, including general mental health, anxiety, and depression symptoms. The researchers compared outcomes assessed from January 2018 to December 2019 with those assessed from January 2020 and beyond, with a focus on any changes that may have occurred.
Contrary to Popular Belief
Contrary to what many people might believe, the report suggests that the pandemic's overall impact on mental health has been relatively minor. In fact, the vast majority of analyses showed no significant changes in general mental health, anxiety, or depression symptoms.
The Nuances of Mental Health
While there were some small negative changes in mental health among certain subgroups, such as women and parents, the overall picture painted by the data is one of resilience rather than crisis.
The Importance of Continued Monitoring
While the report's findings are encouraging, they are by no means a reason to become complacent. The pandemic's impact on mental health is a complex and evolving issue, and continued monitoring and support will be essential in the months and years to come.
A New Perspective
As a whole, this report challenges our assumptions about the pandemic's impact on mental health. It highlights the need not to underestimate the capacity of people to recover after a crisis. As HR professionals continue to navigate these unprecedented times, it is important to keep this new perspective in mind and to continue providing the support that employees need to thrive.
Implications for HRs
In the wake of the COVID-19 pandemic, HR professionals have faced unprecedented challenges in maintaining the well-being of their workforce.
The BMJ study's findings offer valuable insights for HRs looking to create a supportive and resilient workplace culture. Here are some key implications of the study that HRs should keep in mind to support the mental health of their workforce.
Prioritize Mental Health Support
While the study shows that most people have been resilient in terms of mental health during the pandemic, it's important to remember that certain groups, such as women, parents, and those in the LGBTQ+ community, experienced small to medium negative changes.
HRs should prioritize providing mental health support to employees, especially those in vulnerable groups.
Foster a Resilient Workplace Culture
The study's findings also suggest that people are generally resilient in the face of adversity. HRs can foster a resilient workplace culture by providing resources and support for employees to cope with stress and challenges.
Access to counseling services, mental health days, and flexible work arrangements are all examples of how this can be done.
Continue Mental Health Surveillance
The study highlights the need for continued mental health surveillance, especially during times of crisis. HRs should work with management and employees to monitor the mental health of the workforce and address any concerns in a timely manner.
Employee check-ins, anonymous feedback mechanisms, and mental health training for managers can all contribute to this.
Closing Thoughts
The BMJ study provides a nuanced understanding of the impact of the pandemic on people's mental health. HR professionals can use this information to support their employees better and create a more inclusive and supportive workplace culture.
At The Wellness Tribe, we understand the importance of creating a holistic approach to employee wellness, including mental health. Our corporate wellness solutions are tailored to meet the unique needs of your organization and can help you promote a healthy and supportive work environment.
If you need any assistance in implementing employee wellness programs or resources, don't hesitate to reach out to us today. Together, we can prioritize the mental health and well-being of your workforce.
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