Mukesh Ambani’s Reliance Industries cuts 11% of its workforce, total number of employees to lose job will be.... The most notable impact has been in the retail sector, which has seen a significant contraction. Once home to 2,45,000 employees, the retail division now employs only 2,07,000 individualsMukesh Ambani's Reliance Industries has executed a sweeping reduction in its workforce, laying off approximately 42,000 employees in the financial year 2023-24. Reliance Industries, which boasted a workforce of 3,89,000 at the close of the financial year 2023, has now trimmed its staff to 3,47,000. The most notable impact has been in the retail sector, which has seen a significant contraction.

Source: dna August 08, 2024 15:41 UTC