Corona VirusNewsUpdate

COVID-19 repercussions: BookMyShow fires 200 people as its business suffers a setback

According to the tweet made by co-founder and chief executive Ashish Hemrajani on Thursday, BookMyShow has laid off 200 of its employees. It is a famous and well-known app for booking movie tickets and entertainment programs.

As cinema theatres remain mostly closed and outdoor activities have come to a halt, this is the company’s second significant layoff in the last year.

The Mumbai situated firm employed roughly 1,500 workers prior to the outbreak. The number has now dropped to roughly 1,000 people. When the first Covid-19 wave rocked the country in the month of May last year, BookMyShow had to let go of 270 of its staff members. 

“Covid-19 has taught me many lessons & I learned another one today. As we let go of 200 of the most incredibly talented & performance-driven individuals, each & everyone has messaged, thanking me for the opportunity, the love for @bookmyshow, and asking me if they could help,” Hemrajani said in a tweet thread.

“They will contribute incredibly to the growth of your wonderful firms. I’m sure we will all come out stronger,” he added.

He also looked for sources for new career prospects for the affected individuals.

Movie tickets made a revenue to the firm of about 65%. Its pay-per-view movie streaming business is still in its early stages. 

“They (BookMyShow) had thought there would be a full recovery by now, but the second wave has changed all of that. The current layoffs would allow them to handle the impact of the pandemic for a year,” a person from the authority said.

Sanskriti

Sanskriti loves technology in general and ensures to keep TheDigitalHacker audience aware of the latest trends, updates, and data breaches.
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