Reliance Industries sees major employee turnover in FY23, to add 2 lakhs workers
Telecom division Jio and the retail sector The most exits were from Reliance Retail, while roles in LoT and Al drove a recruiting binge.
Reliance Industries sees major employee turnover in FY23 which lead to add 2 lakhs new workers to the industry.
Reliance Industries Limited, a Mumbai based Indian multinational conglomerate, having businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles faces major turnover in 2023.
Reliance Industries (RIL) saw a major change in staff strength in fiscal year 2023. During this time, several employees elected to leave the company willingly.
This included employees from both Jio’s telecom business and Reliance Retail’s retail division. According to RIL’s annual report, 41,818 of the total departures were from Jio, with a larger group of 1,19,229 coming from Reliance Retail.
At the same time, Jio, which is owned by RIL, hired numerous new employees. Approximately 70,418 new workers joined Jio’s workforce during FY23, bringing the total number of employees to 95,326 by the end of the fiscal year.
It’s worth noting that Jio is currently concentrating on roles related to the internet of things (lol) and artificial intelligence (Al). As a result of this transformation, the company’s requirement for traditional sales leaders has decreased. The company’s concentration on innovative technology has resulted in changes in the kind of job functions required.
Employee structure adjustments were more obvious at the lower to middle management levels. The departures recorded in both the retail and Jio sectors demonstrated this. This change is in line with Jio’s drive into lot and Al regions, which necessitated a workforce rearrangement.
Despite the departures, RIL grew its total staff. It hired a substantial amount of new employees in FY23, with 262,558 new jobs. This represented a significant rise over the 232,822 new personnel hired in the previous fiscal year, FY22.
This expansion encompassed a wide range of sectors and services across RIL’s broad business operations.
- Lubrizol and Polyhose Sign MoU to Manufacture Medical Tubing, Expand Capacity in Chennai - November 14, 2024
- After Seen 6.6% Rise of EPFO Contributors Government plans to hike EPF wage ceiling to Rs 21,000 - November 11, 2024
- Termination Of Service After Employee’s Retirement Unknown To Law In Absence Of Pending Departmental Proceedings: Patna High Court - November 5, 2024
