
CosmicTaco
JioStar To Lay Off 1,100 Employees Post Merger
- The media giant JioStar initiated a significant layoff exercise last month, affecting around 1,100 employees.
- The layoffs, scheduled to continue until June, are targeting roles across finance, commercial, and legal departments.
- Employees from entry-level to senior director positions are being impacted by these cuts.
- JioStar is offering generous severance packages to those affected by the layoffs.
- This move follows the merger of Reliance Industries Ltd's media business with Viacom18 and The Walt Disney.
Source: Inc42
8mo ago
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