Mukesh Ambani's Reliance lays off 42,000 staff in FY24; Netizens quip 'salary spent on wedding' AJR

Mukesh Ambani's Reliance lays off 42,000 staff in FY24; Netizens quip 'salary spent on wedding'

The most substantial job cuts took place in Reliance Retail, led by Isha Ambani Piramal. The retail arm's workforce shrank from 245,581 employees in FY23 to 207,552 in FY24, accounting for nearly 60% of the conglomerate's total staff.

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