SpiceJet, grappling with a series of challenges including financial instability and legal battles, is gearing up to lay off around 1,000 employees in a bid to cut costs and streamline operations amidst a reduced fleet size, officials revealed on Monday.
The no-frills carrier, plagued by financial woes and legal disputes, is considering further job cuts due to an excess workforce compared to the diminished fleet capacity. A decision on the exact number of layoffs is anticipated this week, according to insiders familiar with the matter.
