Reliance JioMart, the online wholesale arm of Reliance Retail, has laid off over 1,000 employees as part of a major cost-cutting initiative following its acquisition of Metro Cash and Carry's India business. This move, reported in late May 2023, aims to eliminate role overlaps with Metro's existing 3,500-person workforce and streamline operations. The layoffs, which affected both ground and corporate staff, are part of a broader plan to reduce the wholesale division's 15,000-strong workforce by two-thirds. The company is shifting strategy from deep discounting to focus on improving margins, reducing losses, and consolidating fulfilment centres. This restructuring reflects the competitive pressures in India's B2B e-commerce and organized retail sector, where large players like Reliance are optimizing their operations for greater efficiency and profitability.
