Reliance JioMart Lays Off Staff

Reliance Jiomart has reportedly laid off employees. The move comes after the company acquired Metro Cash and Carry. While the exact number of affected employees is not known, a report published by the Economic Times says that more than 1000 employees have been affected by the decision. 

While it is a common practice to streamline operations and augment manpower resources between the two entities after a buyout, Reliance is also looking to disrupt the B2B retail space with aggressive pricing. This entails cost-cutting measures and efficient management of resources for Reliance JioMart.