Telecom sector to cut up to 40,000 jobs this year, says RCom
Anil Ambani-led Reliance Communications' executive Punit Garg has said ongoing stress in the telecom industry will end up reducing 30,000-40,000 more jobs this year. Indian telecom companies have laid off about 10,000 people over the last one year, Garg further stated. His statement comes at a time when the telecom industry is facing strict competition following Reliance Jio's entry.