42,000 employees laid off in FY24 in Reliance

Job market is brutal in all industries

Hey everyone, What is the Watercooler for: a place to hang around and chat just about anything - without having a specific topic to discuss. Also sorry I had a late night yesterday and hence creating this a bit late today 😅 Look forward to hearing from y'all :)

- Severe cash crunch - The remaining 50% of salary is expected to be paid on 15th July - Reliance not willing to invest more funds - Talks ongoing with PhonePe and Paytm for acquisition (Dunzo would support their ONDC backend delivery logistics)

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

There is big layoff 50% in reliance retail - jiomart B2B business. Reasons Very poor management, aggressive hiring, creating business that does not exist, downfall of business. Compensation - Asked people to resign & said to serve notice 90 days. No additional support or benefit.

Since I am Done-Zo with Dunzo, AMA anything. Here to spill all the scoop that’s happened.

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people. Like whats happening man!!! Is the company dumb or what?

Which Organisation never laid off any employee in entire history/inception in India?

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts