Reliance Jio lets go of contractual staff

MUMBAI: Reliance Jio Infocomm sharply reduced the number of contracted employees, along with some permanent staff, as it strives to cut costs and improve operating margins, which fell in January-March, said people familiar with the matter. The telco, however, said it continues to be a net recruiter and there was no question of any “cost pressure-led action”.

While major redundancies have been on the consumer-facing side, other impacted areas include supply chain, HR, finance, administration and networks, said the people mentioned earlier.