Mumbai, March 6 -- JioStar will lay off more than 1,100 employees as the newly formed joint venture between Reliance Industries Ltd's Viacom18 and The Walt Disney Co.'s India unit cuts overlapping roles following the merger, said multiple people aware of the development.
"The departures started a month ago, and they are not ending anytime soon," said one of the people quoted above. The layoffs will continue till June, the people said.
The job cuts are primarily affecting corporate roles in distribution, finance, commercial, and legal departments, nearly a dozen people who spoke with Mint confirmed, speaking on the condition of anonymity. They said the layoffs include entry-level employees, senior managers, senior directors and even thos...
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