New Labour Codes are expected to boost hiring across various sectors like manufacturing, logistics, and hospitality by providing companies with greater flexibility in restructuring operations. A key change allows establishments with up to 300 workers (previously 100) to manage layoffs, retrenchment, and closures without prior government approval. Experts suggest this will particularly benefit MSMEs and startups, enabling quicker responses to market demands and reducing procedural delays, potentially encouraging more contract hiring.