DerpyMuffin
DerpyMuffin

Reliance Retail Layoff

Can anyone confirm. Reliance Retail laying of 80% workforce from JioMart.

25mo ago
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FloatingQuokka
FloatingQuokka

I can confirm Its in jiomart b2b business

Also called as jiomart partners

Basically selling to kirana stores

WigglyKoala
WigglyKoala

Any impact on other reliance business

FloatingQuokka
FloatingQuokka

All loss making segments of reliance retail will come under scanner.

SwirlyTaco
SwirlyTaco
OYO25mo

jiomart should be closed as noone can survive in grocery segment .once the funding stopped -> discount stopped -> customer dropped

ZestyKoala
ZestyKoala

Have you been to their Reliance grocery retail stores? They have similar prices (for grocery). So they are not exactly discounting beyond their means for grocery at least.

QuirkyBoba
QuirkyBoba
Porter25mo

Why will they do that?

DerpyMuffin
DerpyMuffin

Why are other firms laying off. To reduce costs.

GigglyWalrus
GigglyWalrus

Apparently the workforce from metro and future is yet to be settled

CosmicSushi
CosmicSushi

Not sure about the 80% number but yes, RRL is laying people across all businesses. Urban Ladder too.

CosmicJellybean
CosmicJellybean

80% is unexpected.

DerpyMuffin
DerpyMuffin

Reliance JioMart cuts 1,000 jobs and to eliminate thousands more, report says | TechCrunch - https://techcrunch.com/2023/05/22/reliance-jiomart-to-cut-11000-jobs-report-says/

FloatingNoodle
FloatingNoodle

Yes it's confirmed. it's JioMart B2B vertical. All B2B vertical of Reliance are being laid off.

QuirkyBoba
QuirkyBoba

If you have confirmed info on this, please reach out to me on monkeknight@proton.me

GigglyWalrus
GigglyWalrus

Yep, stories are coming out that b2b teams will be hit and massive changes on cards

FloatingPotato
FloatingPotato
Jio25mo

The reliance fresh near me has laid off a few of their staff !

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Heard from a friend in reliance in a senior role - there would be 6k layoffs. Jiomart and netmeds will get impacted. ...

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