Covid-19 crisis: Indiabulls sacks over 2,000 employees to control expenses

The attrition is in line with the process we follow every year, says company

Indiabulls Group has asked over 2,000, of its total of 26,000 employees, to leave as an outcome of performance review at the end of financial year 2019-20.
 

Though the company said the attrition was in line with the process it follows every year (of 10-15 per cent attrition after performance reviews), its employees have a different story to tell. Scores of employees took to social media to express disappointment and said they were asked to resign over WhatsApp calls. On Twitter, some said they had been asked to resign by May 31 and that there was no severance package and