Post merger to cut 35per cent staff

Post merger to cut 35per cent staff

Author | NULL | Monday, Jan 01,1900 7:18 AM

Post merger to cut 35per cent staff

STAR Group, which has taken over the majority stake in the Internet portal, has decided to cut 35 per cent of the latter’s staff comprising of 180 people. This is the second time in the year that

According to CEO Sunil Lulla, this was a move towards rapidly building a profitable business by rationalising its activities and re-aligning its resources, as per market needs.

The previous lay-off reduced the staff strength by over 40 people or the then 20 per cent of the workforce. However, internal company sources claimed the figure to have crossed 50. The company said it had rightsized its activities and structure to align them realistically with its renewed business focus—to create and exploit new business opportunities on its way towards profitable leadership.

Tags: e4m

Write A Comment