Cab aggregator Ola became the latest company to fire employees.
Cab aggregator Ola became the latest company to lay off employees, as the nationwide lockdown to curb the spread of corona virus has significantly reduced its revenues, PTI reported. Ola CEO Bhavish Aggarwal said the layoffs were a result of a significant dip in the company’s revenues because of the prolonged shutdown.
A number of other companies, including cab aggregator Uber, food delivery services Swiggy and Zomato, and some media firms have fired employees over the past two months, despite a government appeal not to do so.
Here is a list of some companies that have laid off their employees or have enforced salary cuts to deal with the reduction in revenue due to the pandemic:
Ola said the company will lay off 1,400 employees. The announcement was made by Aggarwal in a note to his employees. The government had suspended all ride-hailing services in March, along with all other forms of public transport, while enforcing the lockdown.
Twitter-backed ShareChat, an Indian video-sharing social networking service, laid off 101 employees, as it expects the advertising market to be unpredictable this year, The Economic Times reported.
United States-based commercial real estate company WeWork said that it laid off 100 employees, or 20% of its workforce in India, in an attempt to cut costs and revamp operations, Reuters reported.
Food delivery company Swiggy announced that it will lay off 1,100 employees, or nearly 14% of its total workforce, after demand for online food ordering dipped significantly in the past two months.
Indian restaurant aggregator Zomato laid off 13% of its workforce and said it would implement salary cuts 
of up to 50% across the organisation for at least six months.
A report said that cab aggregator Uber had decided to sack 500 to 700 employees from its India office due to a sharp decline in revenues. The firm has also decided to sack around 6,500 employees globally.
Reliance Industries announced pay cuts of up to 50% for some top oil-and-gas division employees . Employees earning more than Rs 15 lakh a year will face a 10% cut while senior executives will have to take 30% to 50% salary cuts. Chairperson Mukesh Ambani decided to forgo his entire salary for the year.
Hotel chain Oyo Rooms said it would cut the salaries of all employees by 25% for four months, and also sent some of its people on leave with limited benefits, Reuters reported. Earlier, the company had laid off thousands of employees in the United Kingdom and the United States.
The Indian Express had on April 1 asked its employees to take a “temporary salary cut”. In an internal email, Chief Executive Officer George Varghese called the current situation “absolutely unprecedented”. Chief Editor Raj Kamal Jha, Chairperson Anant Goenka and Director Vaidehi Thakkar took a 100% pay cut.
The likes of Tata Consultancy Services (TCS), Wipro, PwC India and Infosys have deferred hikes. Reliance Industries, Oyo Rooms and TVS Motors have cut salaries while Ola, Uber, Zomato and IBM are among those that have fired employees.