MakeMyTrip Layoffs
June 2020
MakeMyTrip announced a layoff affecting 350 employees (10% of its workforce) in June 2020. The company operates in the Travel sector.
350
10%
Jun 1, 2020
About
In June 2020, the online travel aggregator MakeMyTrip announced it would lay off approximately 350 employees, representing about 10% of its workforce. The decision was driven by a severe downturn in the travel and tourism industry due to the COVID-19 pandemic, which caused global travel restrictions and a sharp decline in revenues. CEO Deep Kalra explained that the company needed to adjust its business strategies as a recovery in travel demand was not expected soon. The layoffs primarily affected non-tech roles at the group level, including within its Goibibo unit. MakeMyTrip, a major player in India's online travel sector, also noted it had previously implemented salary furloughs and provided affected employees with benefits like extended medical coverage and outplacement support.
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