Reliance industries Laid off 42,000 employee
Job market is brutal in all industries
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
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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.
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
Jio Cinemas is completely separate from Reliance correct? As an org?
Just confirming
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.
SwonRanson
Student
a month ago
Jio ig
The stock has been flat in the last 6 months
Needs to be discussed more what is going wrong there
Comedicpresident
Stealth
a month ago
Tell me you are a fool without telling me you are a fool
And yet people will only criticise startups for layoffs. Typical spineless public, easily swayed by the media.
to be honest layoffs are not there !! but employers looking into quality employees who actually work !!! i am into hiring and i see 5-6 year expirienced guy can not answer one basic question .. i think education system loosing quality , and people lost interest in learning
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.
Red_Ranger
Student
a month ago
What's the condition in TCS ?
https://timesofindia.indiatimes.com/technology/tech-news/reliance-jio-saw-fall-in-employee-headcount-in-fy2024/amp_articleshow/112363652.cms
Mehanti
Stealth
a month ago
Expired News - They did last year along with all Consultant + Low Performers + Laid off (37000 Retail + 5000 Jio Platforms) Media is a bigger dumber and spreading old news and react like new news
CheeryDreamer
Stealth
a month ago
Has anyone observed these kind of news about reliance won't get attention on social media.
Checked the news, 90% are from Reliance Retail, it is one of the weak business that they run, also it has high attrition rate already (store employees)
This will not be covered in any news channel because half of the media and entertainment channels are owned by Ambani's.
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Layoffs on
by ImpishGnat50
Stealth
Massive layoffs
https://zeenews.india.com/companies/over-50000-employees-laid-off-by-153-companies-globally-in-2023-so-far-as-google-joined-the-league-2563912.html
Alphabet and Google CEO Sundar Pichai announced in an email sent to affected employees to lay off 12,000 employees globally. It joins the le...
https://zeenews.india.com/companies/over-50000-employees-laid-off-by-153-companies-globally-in-2023-so-far-as-google-joined-the-league-2563912.html
