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More layoffs in telecom sector: Tata Teleservices fires 500-600 employees

The layoffs come at a time when the telecom industry has been witnessing an intense tariff war

Press Trust of India  |  New Delhi 

Tata Teleservices has fired 500-600 employees to tide over difficult times in the hyper-competitive telecom market. As many as 500-600 employees have been impacted by the layoffs in sales and other related functions, two people familiar with the matter said. The layoffs are across locations, they said, adding that the severance package being offered to the employees impacted by the decision is one month's salary for every year of service. An e-mail sent to Tata Teleservices did not elicit a response. Sources in the company said that these are challenging ...

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First Published: Wed, May 03 2017. 01:32 IST