Reliance Retail Layoff
Can anyone confirm. Reliance Retail laying of 80% workforce from JioMart.
I can confirm
Its in jiomart b2b business
Also called as jiomart partners
Basically selling to kirana stores
All loss making segments of reliance retail will come under scanner.
See more comments
jiomart should be closed as noone can survive in grocery segment .once the funding stopped -> discount stopped -> customer dropped
half_ticket
Stealth
a year ago
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.
anonanon
Stealth
a year ago
Not sure about the 80% number but yes, RRL is laying people across all businesses. Urban Ladder too.
jumpinglucifer
Stealth
a year ago
Why are other firms laying off. To reduce costs.
hellloworld
Stealth
a year ago
Fake
Yes it's confirmed. it's JioMart B2B vertical. All B2B vertical of Reliance are being laid off.
MonkeyWrench
Stealth
a year ago
If you have confirmed info on this, please reach out to me on [email protected]
jumpinglucifer
Stealth
a year ago
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/
Yep, stories are coming out that b2b teams will be hit and massive changes on cards
Noctus
Stealth
a year ago
But they posted a massive profit in 2022 so why are they laying off employees
Discover More
Curated from across
News Discussion on
by ShinyDoc11
Morgan Stanley
That’s massive- 11k to be laid off @jioMart
JioMart, Reliance Retail's online shopping platform, has reportedly laid off over 1,000 employees and plans to cut 9,900 more roles.
https://techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2023/05/22/reliance-jiomart-to-cut-11000-jobs-report-says/amp/
