Times Internet lays off 120 employees in 3 days

Times Internet Limited, the digital arm of the Times Group, has reportedly laid off over 120 employees in the last three days. This marks the second round of layoffs, following a previous incident in August where 100 employees were let go. The affected employees have been offered three-month severance packages, starting from the date of termination.

Notably, their email addresses were immediately deactivated. The company had earlier assured that the August layoffs were a "one-time exercise," raising questions about the circumstances leading to this subsequent workforce reduction.