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In 50 Words: Reliance’s Milkbasket to lay off team, may discontinue brand
Milkbasket, owned by Reliance, is making significant layoffs of its 600 employees after the departure of key executives. The entire offline marketing, sales, and head office teams are to be dismissed.
Staff who remain will be integrated into Jio Smart while the Milkbasket brand is likely to be discontinued.
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