Reliance JioMart to cut 11,000 jobs, report says

JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, as the Indian retail giant looks to improve its margins.
The shakeup, reported by the Indian daily Economic Times, comes in the wake of JioMart’s aggressive pricing strategy, which prompted traditional distributors to contemplate supply disruptions. However, with the firm now focusing on improving margins and reducing losses, the strategy appears to have shifted, the report said.
Furthermore, JioMart plans

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