1. L&T cuts 14,000 jobs during the quarter

L&T cuts 14,000 jobs during the quarter

The company cut about 14,000 jobs during the quarter. “We are trying to right-size the businesses that are not in the best of shape,” Raman said.

By: | Published: November 23, 2016 6:07 AM

The company cut about 14,000 jobs during the quarter. “We are trying to right-size the businesses that are not in the best of shape,” Raman said. “We are redefining the roles and responsibilities for those roles that we find redundant and allowing people to move on. These roles are across all our businesses and not concentrated over any one particular business” he added.

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