The CEO at a personal grooming company has revealed that his business follows a pattern of firing employees who are in their forties because these workers bring in substantial earnings yet hold substantial financial obligations.
Bombay Shaving Company CEO Shantanu Deshpande described the “global phenomenon” to reveal that this particular age group suffered the worst consequence because of their position as senior employees earning higher incomes.
Budget tightening used employees aged 40 as the main target because their salaries were classified as highest in the company pay scale.
Professionals aged 40 keep their lives strung out with paying for college for their kids along with taking care of ageing parents and mortgage payments and have small savings according to Bombay Shaving Company CEO Shantanu Deshpande.
The golden salary period remains in the future for multiple people who fall within the age scope of late 40s to early 50s, according to him. Professional job loss at this point produces a severe financial strain as well as emotional distress which damages established career plans and economic paths according to him.
According to Mr Deshpande the matter presented serious worries.
Watch the video here.
The loss of employment in the 40s age group produces both financial chaos and severe emotional distress. The workers in this situation face multiple responsibilities which include financing college tuition for their kids while they manage mortgage expenses and have little savings accumulated. The situation makes him extremely anxious according to the CEO.
During his speech Mr Deshpande explained how this particular demographic group handled both monetary strain and emotional distress. He emphasized that the pressure along with the stress is absolutely real.
Deshpande explained in his Instagram post that numerous professionals between 40 and 45 years old face multiple financial priorities including supporting their educational children and elderly parents while paying home loan instalments without having sufficient savings to fall back on.
LinkedIn users questioned the CEO about the solution to this “global phenomenon” so he outlined three essential survival techniques for helping people through the impact.
As he stated “Upskilling on AI, saving more, building entrepreneurial mindset” serves as the solution.
Various digital platform users argued that employees aged between 40 and 45 need to develop new skills and broaden their capabilities to remain market-ready because their specific knowledge along with their salary requirements creates employment challenges.
LinkedIn users believe that employees aged 40 to 45 are the most at risk because they get fired first especially if they switch jobs from established companies to startups for better compensation.
The user continued by explaining that employment terminations at 40 years of age would result in people halting their EMI payments and bill obligations thus causing default quantities to grow into a worldwide problem.
A user from Instagram emphasized that people find it challenging to modify their professional abilities during middle age.
The user commented on how the person has operated on the same platform for 15 years along with their refusal of upskilling investments from the organization.
The 2025 World Health Organization report demonstrates that layoffs create extreme stress which affecting 40 percent of displaced workers. Middle-aged male heads of household bear the greatest impact because they typically handle most financial responsibilities in India.
Recent layoffs
Pharmaceutical giant Dr. Reddy’s Laboratories is reportedly planning to reduce its workforce costs by nearly 25% as part of a major downsizing effort.
According to a Business Standard report, several senior executives have already been asked to resign, including many high-earning employees with annual salaries exceeding Rs1 crore.
The Dr. Reddy’s layoffs is only one incident in the series of growing trend of layoffs. Earlier, tech giants such as Google, Salesforce had also laid off many of their employees.
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