Business

BookMyShow lays off 200 employees amid Covid-19, CEO urges ‘new residence’ for staff

Amid the raging coronavirus illness (Covid-19) pandemic, on-line film and occasions ticketing model BookMyShow has laid off as many as 200 employees, knowledgeable Ashish Hemrajani, the chief govt officer (CEO) and co-founder of BookMyShow’s mother or father company Bigtree Entertainment. The on-line ticketing model had final year in May laid off and furloughed 270 employees, which shaped 18.6% of its workforce, throughout places of work worldwide. Hemrajani thanked every worker for backing BookMyShow throughout this tumultuous section of the pandemic and tweeted out asking for assistance on discovering new jobs for the lately laid-off staff.

Taking to his Twitter deal with, Bigtree Entertainment CEO Ashish Hemrajani hailed the “character” of those 200 employees who have been lately laid off, mentioning that every of them had thanked him for the chance of working as a part of the BookMyShow model. “COVID19 has taught me many lessons & I learned another one today. As we let go of 200 of the most incredibility talented & performance-driven individuals, each & everyone has messaged, thanking me for the opportunity, the love for @bookmyshow and asking me if they could help ‘me’ in any way possible,” he wrote, “Now that’s character.”

Hemrajani stated that extra much more essential than managing optics is discovering every of the lately laid employees “a new home” the place they will contribute to their full potential as soon as once more. “These 200 folks were handpicked & curated over years and had surrounded themselves with the highest values of culture, performance and empathy,” he wrote, including, “So if you have leads, please DM me & we will do the needful. They will contribute incredibly to the growth of your wonderful firms. I’m sure we will all come out stronger.”

BookMyShow was launched again in 2007 by Sydenham Institute of Management alumni Ashish Hemrajani, Rajesh Balpande, and Parikshit Dar for the aim of introducing the idea of on-line film ticketing to India. Now, 14 years later, BookMyShow additionally gives on-line ticketing options for theaters, occasions, and concert events throughout Asia and Oceania, along with offering details about upcoming films, artists, venues, and exhibits. The company has seen investments from notable teams such because the media arm of Network18, owned by Mukesh Ambani’s Reliance Industries, which at present owns a 39% stake in BookMyShow.

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