JioStar To Lay Off 1,100 Employees Post Merger

• The media giant JioStar initiated a significant layoff exercise last month, affecting around 1,100 employees.
• The layoffs, scheduled to continue until June, are targeting roles across finance, commercial, and legal departments.
• Employees from entry-level to senior director positions are being impacted by these cuts.
• JioStar is offering generous severance packages to those affected by the layoffs.
• This move follows the merger of Reliance Industries Ltd's media business with Viacom18 and The Walt Disney.

Source: Inc42