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SUMMARY
The media giant kicked off the layoff exercise last month. It is expected to continue till June and will see nearly 1,100 employees losing their jobs
The layoffs will primarily impact finance, commercial, and legal departments, with employees from entry-level to senior director level getting handed pink slips
The OTT platform is also handing out “generous severance” packages to the impacted employees
Months after the completion of merger of the media business of Reliance Industries Ltd (RIL), Viacom18 and The Walt…
