- Over 41,000 Resignations: In the fiscal year 2023, more than 41,000 employees working at Reliance Jio decided to leave their jobs.
- Retail Division Impact: From Reliance’s retail division, around 119,229 employees left during the same time.
- Higher Attrition Rates: The rate at which employees left increased significantly by 64.8 percent compared to the previous fiscal year, FY22.
Reliance Industries Ltd (RIL) saw many employees leaving their jobs on their own in the retail and telecom parts of the company in the year 2022-23. More than 41,000 workers in Jio and over 1 lakh employees in Reliance retail decided to resign. Based on the company’s yearly reports, the rate at which employees left, called attrition rates, increased by 64.8 percent compared to the year before (FY22).
This increase in people leaving was partly because of having too many people doing similar jobs after RIL bought a lot of other companies in retail. Some workers wanted to do different jobs, and others went to work in different places where a lot of hiring was happening.
In total, 167,391 employees left RIL during FY23. This includes 119,229 from the retail division and 41,818 from Jio. Most of the people who left were in junior and middle management positions. Even though more people were leaving, RIL also hired new employees. They brought in 262,558 people in FY23 for different parts of their businesses. The report also says that RIL made more people leave on purpose to save money and get rid of workers who weren’t performing well.
Earlier in May this year, RIL’s online shopping platform, JioMart, reportedly cut costs by letting go of 1,000 workers. There were talks of more people being let go, but the exact number was not officially confirmed.
In other news, Reliance Industries will have its 46th yearly meeting on August 28 at 2:00 PM in India. During this event, Mukesh Ambani, who is the head of Reliance, is expected to tell us about important things like Jio Financial Services, the new JioPhone 5G, and plans for customers who want to use Jio’s 5G network. Even though Ambani has said that the JioPhone 5G is real, we still don’t know a lot about it. You can get all the latest updates from India Today Tech.
So let me tell you the whole story. I am working with Jio. The reason why people are leaving is they have overburdened us by giving salary which is peanuts. The new policy which is applied in the organization was not even passed down to us officially they just asked to attend a meet and given us work 3 times as we’re usually doing. So when people just asked to put down the policy, they just terminated the employees. They were not even given their experience letters. There are many cases of termination. At least they should provide the experience letter to them. They have served the organization for more than a year some of them more than 4 years. So basically they or overburdening us and when someone speaks for it they are terminated. Also the person who is terminated, they ask not to contact them otherwise we will be referred to HR.
Also they are hiring people in less salary than us. Overall they are not sacking employees but they are over pressuring them so that we given resign by ourself.
It is like lala ki dukan.
Jo bolega usko nikal denge.
There is no proper official way of communication by higher authority.