HT gives pink slips to 27% staff: Sources
According to sources, staffers have been laid off from editorial as well as marketing and ad sales departments
After announcing pay cuts across the board a couple of weeks back, Hindustan Times is now said to have given pink slips to 130 employees. These staffers were not just from the editorial teams across editions but also from the marketing and ad sales departments.
According to a source close to the development, HT is to terminate 27 per cent of the total staff on advice of management consulting firm McKinsey.
The 27 per cent employees include staffers from Hindustan Times and the publication’s business newspaper Mint.
exchange4media reached out to HT to confirm the development. However, they have denied reports about laying off employees.
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