wordpress blog stats
Connect with us

Hi, what are you looking for?

,

MakeMyTrip lays off 350 employees, citing biz slowdown

MakeMyTrip has laid off 350 employees, or 10% of its workforce, citing slowdown due to global travel restrictions owing to coronavirus lockdowns, reported CNBC-TV18. A company spokesperson confirmed the developed to MediaNama. “As a business, we are going through the most difficult crisis that we have faced till date and there is no let-up in sight,” CEO Deep Kalra said in a letter to employees.

Teams working on international holidays and related operations were impacted. Affected employees were put on notice starting June 1. Employees will get mediclaim for themselves and their families till year-end, leave encashment, gratuity, and retention of company laptops.

In March, Kalra and Rajesh Magow, who took over as group CEO in February, said they would draw zero salary, while the rest of leadership offered to take a 50% paycut, starting April 2020. International travel had slowed down in March itself, as shelter-in-place and lockdowns kicked in worldwide. In India, domestic travel was suspended on March 24. Domestic flights resumed a third of all operations after two months on May 25.

However, restrictions remain as states can define their own rules for incoming passengers. Karnataka, for instance, has requested the Ministry of Civil Aviation to reduce flights into the state.

You May Also Like

News

Oyo will register its objections with the Competition Commission of India (CCI) with regards to an application filed against its partner MakeMyTrip over the...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ