Indian conglomerate Reliance slashed over 42,000 jobs last financial year
Reliance, India's largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024.
The conglomerate also slowed hiring, bringing on board about 171,000 people in the financial year, lower than the around 263,000 people it hired a year earlier, according to its annual report. The company said more than 143,000 employees opted for “voluntary separations.”
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