Vodafone and Idea Merger Will Lead to Massive Layoffs
In a rather shocking development, Vodafone-Idea merger will reportedly lead to massive layoffs. The ongoing merger process of Vodafone India and Idea Cellular might lead to loss of about a fourth of the telcos’ combined 21000 strong workforce, reports ET. The companies have been advised by the nodal team heading the merger to shed as many as 5000 employees. Idea and Vodafone currently employ around 11,000 and 10,000-plus people, respectively.... Read More