Categories: Business

Coronavirus: Home Credit hires 1,800 employees, BookMyShow hires 270 people


Home Credit India to give pink-slips to 1,800 employees, BookMyShow layoffs 270 employees

new Delhi. Homecredit India, a financial services company, has laid off 1,800 employees amid conditions arising due to the corona virus epidemic. Apart from this, BookmayShow, the online service provider of cinema ticket booking, has also removed 270 people from the job or sent them on leave in anticipation of reduced revenue.

Homecredit India said in a statement on Thursday that the corono virus epidemic has affected every aspect of our lives. It has affected each of us, our families, our customers, partners and businesses. These circumstances have forced us to rethink strategies for stability and business continuity.

The company said that unfortunately, due to this we have to reduce the size of our team. After careful deliberation, we have taken the difficult decision to reduce 1,800 employees in India. Bookmyshow separately stated that 270 employees were either forced to leave or sent on leave in the wake of the Corona virus epidemic and the lockdown imposed for its prevention, which could have a major impact on revenue in the coming months. .

Company chief executive Ashish Hemrajani said in an email to employees that we are forced to reduce our costs in the coming months in anticipation of a significant reduction in revenue. The move will affect about 270 people out of 1,450 employees of BookMyShow in India and globally. He said that they are either being removed from their jobs, or they are being sent on leave. Notably, several companies have laid off employees, including Indiabulls Home Finance, HDB Financial Services, Uber, Ola, Jomato and Swiggy before the epidemic.

This post was published on May 29, 2020 1:25 am

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