Mumbai, March 6: JioStar, India’s largest media conglomerate, will reportedly lay off 1,100 employees after Reliance’s Viacom18 and Disney merger. According to a report, multiple employees were aware about the JioStar layoffs after the merger. The people familiar in the matter said that the departures began a month ago and would not end any time soon.. The job cuts will impact people from various departments.
According to a report by Mint, the latest JioStar will start layoffs of 1,100 employees and also will pay out the severance from six to 12 months to the affected. It mentioned that the severance would depend on the time these individuals served in the company. The JioStar layoffs will affect people from finance, commercial, distribution and legal departments.
The people who informed about the job cuts requested to stay anonymous. The layoffs will also impact the senior directors, senior mangers and entry-level employees along with those working the assistant VP level. According to the statement from the people, the workforce reduction did not touch the sports division including IPL (Indian Premier League), WPL (Women’s Premier League) and Champions Trophy.
(The above story first appeared on LatestLY on Mar 06, 2025 10:46 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
