After the layoff of 1000 employees by Jet Airways, the breaking news is that Reliance Retail , Mukesh Ambani has announced the layoff of 2500 employees. The retail industry is also not doing well.
The employees who are sent off are from the places where they are not performing well. These layoffs will really going to effect the youngsters in India. 15 Reliance stores in Noida and Ghaziabad have also been asked to shut down last week, on orders from the police, though staff there have not yet been given the pink slip last month.
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Mukesh Ambani will never publicly acknowledge laying off his employees. He will be too ashamed to accept that but will still go ahead with it.
He wants to maintain a good image for the sake of his share value
Another RIL group company named Reliance Info Solution(RISL)…are constantly firing their employees….I have spoiled my career by joining there.But Unfortunately theres no big news for that.Reliance must be paying crores of rupees to the media for not to publish this news.3000 employees have been fiered from this company last month.Please put this in the first page of all the news paper so that the people of INDIA can be aware of the real picture behind the smiling face of Mukesh Ambani and RIL.