BUSINESS

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JioMart lays off over 1,000 employees

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BUSINESS

JioMart lays off over 1,000 employees

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Cuts at JioMart

JioMart has fired 1,000+ employees to consolidate its B2B business. The layoffs are part of a larger round of terminations.

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More terminations

JioMart axed 500 executives in its corporate office and plans to terminate up to 9,900 more employees, bringing the total number to around 11,000.

3

Performance improvement

Company has implemented performance improvement plans and a variable pay structure for sales employees as part of layoffs.

4

Consolidation

Reliance Retail's acquisition of METRO's wholesale operations in India led to layoffs at JioMart, as it plans to consolidate Metro's business with JioMart's.

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Cost-cutting

The layoffs are also aimed at reducing JioMart's losses. The company plans to shut down half of its 150 fulfillment centers.

JioMart lays off over 1,000 employees

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