Yash Raj Films lays off 20 employees

After the airline, financial, textile and IT sectors, it is now Bollywood that has been struck by recession. Leading film-making company, Yash Raj Films (YRF), is understood to have laid off 20 long-serving employees as a part of its cost-cutting initiatives.

"The company recently asked 20 employees to leave, saying it was not in a position to retain them any longer," an affected YRF employee said here. These people had been working with the company for the past five years, the employee said.