Vodafone-Idea Cellular job losses: Over 5,000 employees may be sacked, says report
Vodafone-Idea Cellular job losses: The industry has been reeling ever since the entry of Reliance Industries backed telco Reliance Jio which has been offering free unlimited calls and even started off with free data. This sent prices crashing across the board for all incumbent players as they tried to keep pace with RJio and this has hurt revenues.
Vodafone-Idea Cellular job losses: The merger between Vodafone and Idea Cellular itself was much the result of the industry players looking to save themselves from the tough times via consolidation drive. Image source: Reuters