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Reliance Jio Lays off 5,000 Workforce; More 60,000 Telecom Employees Will Be Fired

India’s Richest Man Mukesh Ambani backed Reliance Jio has reportedly laid off thousands of its employees as a part of company’s cost-cut drive and to further improve operating margins, which showed a downfall in the January-March quarter of 2019. Reliance Jio has reduced the number of contracted employees, along with 10% of permanent staff, by […]

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