HR departments of Indian companies have faced volleys of issues in managing people during the slowdown phase. The role and interventions of HR administered in organisations during this phase served as an opportunity for organisations to survive and face the slowdown. This premise has been studied in this paper. The paper also encompasses the HR initiatives of the organisations for solving peoplerelated issues, and discusses structured HR interventions in providing solutions to issues during the downturn phase. Primary data have been collected using personal and telephonic interviews with HR professionals and employees of the organisations using convenient sampling technique as most organisations emphasize on maintaining secrecy and do not intend to share any information. Secondary data have also been used to discuss strategies that facilitate the operations of the organisations during the slowdown phase. The intent of the paper is to provide a template for organisations to focus on HR interventions for future instable business scenario.