Troubled telecom company Vodafone Idea NSE 0.00 % has laid off as many as 1,500 people, ET Telecom has reported.
The new development is part of a series of drastic cost-cutting measures, and closely follows the telco’s recent move to reduce the number of its circles to 10 from 22, with the aim of operational consolidation and cost rationalisation.
At the time of the merger, the total number of Vodafone and Idea employees was 20,000. Before the circle rejig, Voda Idea had 11,705 permanent employees on its rolls. Since the rejig, the telco is believed to have asked anywhere between 1,200 and 1,500 of them across various levels to leave, the report said.