JioMart: JioMart will lay off 9 thousand, fired 1000 employees, claims – company doing this to increase profits.

The company’s decision to lay off comes after it recently acquired Metro Cash & Carry. It is claimed that Reliance mainly wants to increase its profits through this platform. Also, wants to cut down on its expenditure. That’s why she’s laying off on such a large scale. A total of more than 15,000 employees work in Geomart. In this, at least two-thirds of the number can be cut.

60,000 workers lost their jobs in the IT sector

60,000 contract workers have lost their jobs in the country’s IT sector in 2022-23. However, there remains a demand for vacancies in manufacturing, logistics and retail. According to the DBS report, there has been a 27 per cent decline in jobs in the IT sector in April this year as compared to April last year. This year 696 tech companies will cut jobs.