JioMart layoffs: Over 1,000 employees, including 500 executives, asked to resign, says report
It has also been reported that JioMart is planning to shut down more than half of its 150-odd fulfilment centres.
JioMart has reportedly laid off over 1,000 employees as part of its efforts to streamline operations after its acquisition of Metro Cash and Carry. In the coming weeks, the online wholesale format of Reliance Industries plans to implement a larger cost-cutting initiative, which includes reducing its wholesale division's workforce by two-thirds. These measures aim to improve margins and reduce losses after JioMart initiated a price war in the grocery B2B space.