5000 employees of Reliance Jio asked to leave Company.

As unemployment is rising in India News came that Reliance jio has asked their 5000 employees to leave company.


5000 employees of Reliance Jio asked to leave Company


The data released by the government on a day when ministers of the BJP (Narendra Modi) cabinet took charged data showed 7.8% of all employable urban youth being jobless, while in rural areas the percentage is 5.3%.

As unemployment is rising in India News came that Reliance jio has asked their 5000 employees to leave company.

Though Reliance Jio is gaining users, it’s also shedding its staff. Nearly 5,000 employees were reportedly asked to leave the company, including 50 that were on the permanent payroll as a drive to reduce the costs.

Around 5,000 workers, including 500-600 permanent workers, are affected by the retrenching drive which came in the aftermath of a fall in the operating margin of Jio in the January-March quarter, the Economic Times reported.

The report says that major redundancies have been found on the consumer-facing side. The other impacted areas include the supply chain, human resources, finance, administration, and networks


“We are scaling our consumer businesses and Jio continues to be a net recruiter in the industry. We also work with contractors who hires staff on fixed time contracts for our various project construction activities. Given we continue to recruit actively, the question of a cost pressure led action is not relevant,” a Relaince Jio spokesperson told.

Country-wide, Jio has 15k-20k  workers on its payrolls but the reports suggests that the actual number of people working for Jio would be much more than that. But these are third-party employees who are employed by a staffing firm which had been hired by Jio.


Mukesh Ambani,Reliance Jio


The aggressive entry of Mukesh Ambani’s Jio to the $50 billion telecom market was in September 2016. Ambani who has huge financial muscle was providing various services with drastically reduced charges which forced other telecom firms to cut the prices to sustain in the highly competitive market.
Reliance Jio has became a nightmare for other telecom operators like Airtel, Vodafone,Idea etc. In this Competition we see only Airtel is giving a tough competition to Mukesh Ambanis led Relaince Jio while other telecom firms  have almost gave up their fight.


 Reports 


The annual revenue of Indian telecom companies declined to ₹1.88 trillion in 2016-17 from ₹1.93 trillion in 2015-16
and has decline more to ₹1.84 trillion in 2017-18.

Relaince Jio Tower

According to Telecom Regulatory Authority of India, as of March 2019, the number of wireless mobile users of Reliance Jio surged to 9.4 million, while there was a big drop in users of Bharti Airtel and Vodafone, by 15.1 million and 14.5 million, respectively.



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5000 employees of Reliance Jio asked to leave Company. 5000 employees of Reliance Jio asked to leave Company. Reviewed by Technogienie on June 01, 2019 Rating: 5

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