India-based on-line ticketing platform BookMyShow has laid off about 200 staff because the nationwide lockdown to curb the Covid-19 outbreak has battered demand for leisure companies within the nation.
The transfer comes a 12 months after the corporate trimmed 18% of its total workforce and applied pay cuts of between 10% to 50% for the remainder of its staff.
“Covid-19 has taught me many classes and I realized one other one at present,” mentioned Ashish Hemrajani, co-founder of BookMyShow in a assertion on Twitter. “As we let go of 200 of essentially the most incredibility proficient and performance-driven people, every and everybody has messaged, thanking me for the chance, the love for [BookMyShow] and asking me if they may assist ‘me’ in any manner potential.”
Some industries, comparable to leisure, accommodations, and journey, have already bitten the bullet with a collection of job cuts on the likes of Oyo, Hamlet, and MakeMyTrip, amongst others.
In 2019, BookMyShow was on observe to develop its enterprise in Southeast Asia after it acquired an undisclosed quantity of funding from Singapore’s Jungle Ventures. The startup entered Indonesia in mid-2016, after which prolonged its service to different international locations within the area comparable to Singapore and Malaysia in 2019.