Event Online Global FinTech Fest 2020 

 33 days ago
 Source: economictimes.indiatimes.com

MakeMyTrip lays off 350 employees

Quick Summary


NEW DELHI: Nasdaq-listed MakeMyTrip has laid off 350 employees, as it struggles to survive the fallout from the Covid-19 pandemic which has ravaged the travel, tourism and hospitality sector globally.The layoffs have been primarily undertaken in non-tech functions such as international holidays and related segments, and is across units, according to a company spokesperson. She declined to confirm if the number of employees laid off equated to about 10% of the company's overall workforce.In an email to employees dated May 29, Deep Kalra , executive chairman of MakeMyTrip, and Rajesh Magow , group CEO, jointly said there was no clarity on whether the travel sector, which is among the worst affected by the ongoing pandemic, would recover any time soon.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

Read Original Article

Popular Topics

Get the best stories from Startup Around on Telegram