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JioStar to lay off 1,100 employees after merger
JioStar, a joint venture formed from the merger of Reliance Industries Ltd’s media business, Viacom18, and The Walt Disney Company, has begun layoffs affecting around 1,100 employees.
Reports indicate that this downsizing commenced last month and may continue through June.
The layoffs focus on overlapping roles due to the merger.
Departments such as finance, commercial, and legal are reportedly the most affected.
The layoffs include staff at various levels, from entry-level positions to senior directors.
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