Reliance cuts 42,000 jobs, slows hiring pace

By  
Artur Stańczuk
August 10, 2024
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Summary:

India’s largest conglomerate, Reliance, slashed over 42,000 jobs, reducing its workforce by 11% in the fiscal year ending March 2024. The company hired only 171,000 new employees, down from 263,000 a year earlier, signaling a shift in strategy as its revenue growth slowed.

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