Reliance’s JioMart to Fire 10,000 Employees : 1,000 Already Sacked


E-commerce platform Jiomart has fired more than 1,000 employees. Out of this, 500 people were associated with the corporate office. It is feared that the company will lay off 9,000 more employees.

The company’s decision to lay off comes after it recently acquired Metro Cash & Carry. It is claimed that Reliance mainly wants to increase its profits through this platform. Also, wants to cut down on its expenditure. That’s why she’s laying off on such a large scale. A total of more than 15,000 employees work in Jiomart. In this, at least two-thirds of the number can be cut.

60,000 contract workers have lost their jobs in the country’s IT sector in 2022-23. However, there remains a demand for vacancies in manufacturing, logistics and retail. According to the DBS report, there has been a 27 per cent decline in jobs in the IT sector in April this year as compared to April last year. This year 696 tech companies will cut jobs.

Disclaimer :- This post is independently published by the author. Infeed neither backs nor assumes liability for the opinions put forth by the author.

Share post:



More like this

73 Percent Population Devoid of Any Upliftment : Rahul Gandhi Roars in Patna

Congress leader Rahul Gandhi on Sunday alleged that the...

Pratapgarhi speaks against the demolition of 700-year-old mosque in Rajya Sabha

Congress leader Imran Pratapgarhi, in a poetic yet eloquent...

The Stealthy Rise of Autocracy: India’s Democratic Crisis Unveiled

Suspending MPs to strengthen Parliament security? Slow and steady...

After Bharat Jodo Yatra, Rahul Gandhi to go on Bharat Nyay Yatra from Jan 14 to March 20

The Congress on December 27 announced that party leader...