SpiceJet Layoffs: Budget Carrier To Slash 1,400 Jobs; Here's Why
Budget carrier SpiceJet has announced plans to reduce its workforce by approximately 1,400 people.
SpiceJet Denies Funding DelaysSpiceJet has been actively seeking financial reinforcements, with plans to secure an injection of Rs 2,200 crore, though there have been whispers of hesitancy among some investors. The airline's spokesperson has refuted claims of funding delays, stating, "there aren't any funding delays and we are progressing well with our fund infusion and have already made our public announcements accordingly [...] We will be making additional announcements as we progress on the next tranche. The majority number of investors have subscribed."
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