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Jio Mart’s consolidation triggers e-retail layoffs

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Reliance Retail has started the integration of the JioMart business-to-business vertical with the Indian operations of Metro Cash & Carry. The company recently acquired Metro Cash & Carry from a German company. Sources familiar with the matter say it has since closed some warehouses to eliminate overlapping. According to multiple sources, the company has also laid off some employees in its retail vertical. While some have been moved to the process of improving performance. According to sources, these evaluations or exits are not limited to the B2B segment and could be for the entire retail business. These employees are a small part of the company’s 4 lakh workforce in the retail segment. Most of the people who have been fired are part of the sales team.

Sources say that Reliance Retail aims to serve smaller merchants after the Metro Cash & Carry acquisition and add JioMart BTUB business under one roof. The circle said the move would avoid overlapping and exclude the same kirana stores from the service of both the companies.