RCom Lays off 94% Employees Citing Hyper Competition as Reason for Poor Finances
Reliance Communications, the Anil Ambani led telco which was on the verge of bankruptcy a few days ago has declared that it is in a financial soup and is surrounded by capex troubles, hyper-competition and endless problems as a result of which, it has brought down the count of its employees from 52,000 to 3,400. This number is a massive lay off of 94%. The telco agreed to the statement... Read More