Reliance industries Laid off 42,000 employee
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Reflects what happened in 2024. It wasn't just startups. But I think it is behind us now, haven't heard of a major layoff in 2 months
Whereas last year it would be 1 ever 1-2 weeks
Last yr it was in relatively less in count per layoff. This year it is mass layoffs
Funny to see someone in VC saying this. Just wait for this year second half and the next
Vishwaguru government had cut the corporate tax saying they will create jobs. The reality is that now salaried class pays more tax than corporates and lives in fear of losing ones job. Crony capitalists are just sucking blood of Indians.
Not reliance bro! They make so much money why them
Layoffs aren't always done because of losses. Like the article says , they're focusing on cost-efficiency and found out that they have more people than they actually need , that's why they're laying off people
Can’t rely on reliance also :/
RIL layoffs already happened last year to increase profit margins for their upcoming IPOs. Everything is back to normal now. Don't spread half baked news.
Which IPOs
Jio ig
That’s a lot of people :/
Its not laid off 42000, the actual news is reliance workforce stands at 42000 currently, lower then the previous years. Which means they didn't recruit much people and many retired.
What's the condition in TCS ?