After the merger, JioStar would fire more than 1,100 employees in overlapping roles: Report
More than 1,100 workers in overlapping responsibilities are being let go by JioStar, the new joint venture between Viacom18 of Reliance Industries Ltd. and The Walt Disney Co.'s India division. According to a Mint report that quoted several unidentified insiders, the layoffs actually began a month ago and are expected to last until June.
The departments impacted by the layoffs are distribution, finance, commercial, and legal. They did, however, have an impact on a broad range of positions, including those at the assistant vice-president level as well as senior managers, senior directors, and entry-level workers.
However, the report claims that because the Indian Premier League (IPL), the Women's Premier League (WPL), and the Champions Trophy are all scheduled back-to-back, sports have not changed.