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.
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