IndiGo to lay off 10% of its workforce

IndiGo has decided to lay off 10 per cent of its workforce as it grapples with declining revenues as a fallout of the Covid-19 pandemic.

“From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations … Therefore, after carefully assessing and reviewing all possible scenarios, it is clear that we will need to bid a painful adieu to 10 per cent of our workforce. It is for the first time in the history of IndiGo that we have undertaken such a painful measure,” CEO Ronojoy Dutta said on Monday.

As on March 31, 2019, the airline had 23,531 employees on its payroll and its employee cost in 2019-20 was Rs 4,395.4 crore.