SpiceJet is implementing a significant layoff process, with over 1,000 jobs at stake.
The airline has been struggling financially for a few years, with reduced operations and instances of delayed salaries in the past.
SpiceJet has recently received fresh funding as it looks to regrow its fleet and network.
Indian low-cost airline SpiceJet is set to go through a mass layoff process, with more than 1,000 jobs in the line of fire. The airline attributes this development to optimizing and restructuring its finances as it looks to maintain the investors' interest.
Layoffs
SpiceJet is handing out the pink slip to 1,400 employees in a significant reduction of its workforce. According to The Economic Times (ET), the airline is doing this to cut costs as it looks to grow its business and retain the interests of its investors. Sources have revealed that the current salary bill of the airline is over $7 million.