Times Internet has laid off 5% of its workforce, quantifying to roughly around 100 people. The company said this step has been taken in order to 'streamline' its operations. In a statement, Times Internet said, 'All affected employees are receiving full severance irrespective of tenure or contract with the company.' Sources close to the development told BestMediaInfo.com that more lay-offs can take place in the near future. The statement further read, 'Whilst it is difficult to part with talented colleagues and friends, this one-time exercise is also the right and necessary decision towards building a strong and sustainable business.

https://bestmediainfo.com/2023/08/times-internet-hands-over-pink-slips-to-5-of-its-workforce

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