Major Layoff in Indian Company – Nearly 5% of Employees Affected!! Layoff becomes a hot topic which gaining attention amid the interventions of global economic slowdown. Due to this economical imbalance, International firms to National companies have been laying off employees.
As per a report released in this regard, nearly 40 thousand employees have lost their jobs globally so far. This practice of layoff also affects some Indian employees for the past few months. Employees from TCS, Infosys, Wipro, Byju’s, and Vedanta were affected by these mass layoffs. Following this, a popular Indian Startup company called Mohalla Tech Private Limited, which is ShareChat and short- Moj’s parent company has laid off 5 percent of its total workforce.
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The number of employees who have been fired that said to be more than a hundred. This layoff was made after the shutdown of Jeet11, a fantasy gaming platform. Reportedly, this company has 2,300 working employees. Meanwhile, this layoff mainly focused on non-tech employees, reports said.
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