SpiceJet to lay off 1400 employees to save costs, retain investor interest:

Daily Current Affairs / SpiceJet to lay off 1400 employees to save costs, retain investor interest:

Change Language English Hindi

Category : Business and economics Published on: February 13 2024

Share on facebook

From the SpiceJet company around 15% of the budget carrier's existing workforce is being let go.
Cash-strapped SpiceJet will lay off around 1400 employees, accounting for nearly 15% of its existing workforce, with the move aimed at cutting costs and to retain investor interest.
At its peak, in 2019, SpiceJet had 118 planes and 16,000 employees.
“This is to ensure an alignment of companywide costs as against operational requirements,” the statement quoted a SpiceJet spokesperson as saying.

Veteran ‘Don’ (1978) director Chandra Barot dies at 86 due to cardiac arrest in Mumbai.
Read More....
M. Sreeshankar wins gold with 7.75m jump at World Athletics meet in Portugal.
Read More....
Kerala launches Cy-TB test to detect latent TB infections under NTEP.
Read More....
ISRO chief announces India’s plan for space station by 2035, moon mission by 2040.
Read More....
July 20 celebrated as UN’s International Moon Day to mark Apollo 11 landing.
Read More....
Koneru Humpy becomes first Indian woman to reach FIDE Women’s World Cup semifinals.
Read More....
India sets record with four players in 2025 FIDE Women’s World Cup quarterfinals.
Read More....
Saudi ‘Sleeping Prince’ Al-Waleed dies at 36 after 19 years in coma.
Read More....
NCLT approves merger of Adani Cementation with Ambuja Cements.
Read More....
Anvesh Tiwari launches India’s first fully AI-powered fintech platform ‘Nxtbanking’.
Read More....

SpiceJet to lay off 1400 employees to save costs, retain investor interest: