SpiceJet to lay off 1,400 employees in cost-cutting measure

Cash-strapped budget airline SpiceJet is planning to lay off 1,400 employees, which accounts for about 15% of its workforce. This move is aimed at reducing costs and attracting investors. Despite delays in salary payments and funding concerns, SpiceJet is in the process of securing a fund infusion of Rs 2,200 crore.

Feb 12, 2024 - 17:30
 0
SpiceJet to lay off 1,400 employees in cost-cutting measure
Cash-strapped budget airline SpiceJet is planning to lay off 1,400 employees, which accounts for about 15% of its workforce. This move is aimed at reducing costs and attracting investors. Despite delays in salary payments and funding concerns, SpiceJet is in the process of securing a fund infusion of Rs 2,200 crore.

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