India, March 10 -- According to a Mint article citing several people acquainted with the situation, JioStar would fire more than 1,100 workers as the recently established joint venture between Viacom18 of Reliance Industries Ltd. and the India subsidiary of The Walt Disney Co. removes overlapping jobs after their merger. Some jobs become duplicated when two large organizations join, which means that several individuals may be performing the same tasks. JioStar is eliminating these duplicate roles in order to simplify operations and cut expenses. As businesses reorganize to concentrate on high-growth sectors like digital streaming and sports broadcasting, this is a typical merger practice.
One of the report's sources stated, "The departur...
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