Due to the impact of the COVID-19 pandemic on its business, online travel firm MakeMyTrip has dismissed 350 employees. Sources say that most of the fired employees are from businesses related to international holidays. In an email to employees, MakeMyTrip Group Executive Chairman and founder Deep Kalra and Group CEO Rajesh Magow said that even as times remain unpredictable, the COVID-19 crisis will remain long term for the company. “It is unclear when traveling will become a way of life, as it was pre-COVID,” they added.
The pandemic has changed businesses in its current form
It is evident that the pandemic has changed the context and viability of some of the business lines in its current form, the mail said.
“Over the past two months, we have analyzed impact closely and have spent considerable time thinking about the path to business recovery. As a result, it’s become agonizingly clear that there are certain lines of business that are far deeply affected and will take much longer than the others to recover. Keeping this in mind we have had to take this sad but inevitable decision of rightsizing our workforce in these businesses,” Kalra and Magow said.
“To compassionately take care of the employees who have been impacted, we have tried to do our best to offer support including Mediclaim coverage for individuals and their families till the end of the year, leave encashment, gratuity, retaining the right to exercise part of RSUs as applicable, retention of company laptops and outplacement support apart from salary payments as per their notice periods,” stated a company official, confirming that 350 employees have been impacted.