Reliance Conglomerate Cuts Workforce by 11% in Financial Year 2023-2024

Thursday, 8 August 2024, 06:30

In a significant move, Reliance, India's largest conglomerate, has reduced its workforce by 11%, amounting to more than 42,000 jobs, within the financial year that concluded in March 2024. This decision highlights the current economic pressures and shifts within India’s corporate landscape. As companies adapt to evolving market conditions, the implications of such layoffs could resonate throughout the job market, affecting many sectors.
TechCrunch
Reliance Conglomerate Cuts Workforce by 11% in Financial Year 2023-2024

Reliance Workforce Reduction

Reliance, a major player in India's corporate sector, has made the decision to significantly cut its workforce.

Details of the Reduction

  • The company reduced its workforce by 11%.
  • More than 42,000 jobs were eliminated.
  • This reduction occurred in the financial year ending March 2024.

Conclusion

The layoffs at Reliance reflect broader economic trends and challenges facing many companies in India, potentially impacting the job market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe