Jiostar is planning to lay off 1,100 employees. Its parent company Viacom18 merged with Walt Disney in November 2024. This led to an increase in the number of employees in some departments. However, those being laid off will be given salaries for six months to one year.
Layoffs in the company started from February; process will continue till June
As part of restructuring after the merger, layoffs in the company have started from February and will continue till June. The company will remove unnecessary people from distribution, finance, commercial and legal departments.
Layoffs in the company started from February; process will continue till June
As part of restructuring after the merger, layoffs in the company have started from February and will continue till June. The company will remove unnecessary people from distribution, finance, commercial and legal departments.
One to three months’ notice, salary will be given like this
If an employee has joined the company a year ago, he will get one month’s full salary. Other employees will also get it accordingly. There will be a notice of one to three months.
The deal was done for Rs 70,352 crores.
After the merger, Jio has become the country’s largest entertainment network. This deal was done for Rs 70,352 crores. Disney-Reliance Entertainment now has 75 crore viewers. Reliance has invested Rs 11,500 crores for this joint venture.
DHL will lay off 8,000 people
DHL will lay off around 8,000 people in Germany this year. The company is planning to save one billion euros by 2027 and this decision has been taken as part of that strategy. DHL’s Chief Executive Officer Tobias Meyer said that one percent of the total workforce will be laid off.
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