Why Is Ambani’s Reliance Retail Planning To Cut Jobs, Slow Expansion?
06 Mar 2025 23:37 PM IST
Reliance Retail is embarking on a significant cost-cutting drive, including job cuts and reduced store expansion, to bolster its valuation ahead of its much-anticipated IPO, according to a Bloomberg report. The move comes amid a steep valuation cut and slowing sales, posing challenges for early investors.