{"id":1616,"date":"2020-05-30T17:07:29","date_gmt":"2020-05-30T12:07:29","guid":{"rendered":"https:\/\/www.hrkatha.com\/?p=22401"},"modified":"2022-01-06T20:01:26","modified_gmt":"2022-01-06T14:31:26","slug":"coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees","status":"publish","type":"post","link":"https:\/\/www.postaresume.co.in\/blog\/general\/coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees","title":{"rendered":"Coronavirus impact: BookMyShow to lay off and furlough employees"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div class=\"td-post-featured-image\"><a href=\"https:\/\/www.postaresume.co.in\/blog\/wp-content\/uploads\/2020\/05\/coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees.png\" data-caption=\"\"><img decoding=\"async\" class=\"entry-thumb td-modal-image\" title=\"booknyshow\" src=\"https:\/\/www.postaresume.co.in\/blog\/wp-content\/uploads\/2020\/05\/coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees.png\" sizes=\"(max-width: 600px) 100vw, 600px\" srcset=\"https:\/\/www.postaresume.co.in\/blog\/wp-content\/uploads\/2020\/05\/coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees.png 600w, https:\/\/www.postaresume.co.in\/blog\/wp-content\/uploads\/2020\/05\/coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees-1.png 300w\" alt=\"\" width=\"600\" height=\"338\" \/><\/a><\/div>\n<p>Online ticket booking company, BookMyShow, has laid off or furloughed 270 employees, making it the latest addition to the list of well-funded consumer internet companies to have fired workers in the wake of the economic crisis, due to the Covid-19 pandemic.<br \/>\nAshish Hemrajani, CEO, BookMyShow informed the employees of the downsizing move, which he said in the mail was resorted to, \u201cdue to the unfavourable environment.\u201d<br \/>\nThe e-mail was later posted on the Company\u2019s website.<br \/>\nThe employee strength of the Company stands at\u00a01,450 in India\u00a0and globally,. About 270 employees across various functions and teams will be impacted by this exercise.<br \/>\n\u201cThis includes those who will be put on furloughs, along with those with whom we will have to part ways, at least, as of now,\u201d said Hemrajani.<br \/>\nHowever, the Company did not provide a breakup of the number of employees who have been fired, and those put on furlough.<br \/>\nIn the last funding in 2018, the Company was valued at about $800 million and investors, such as SAIF Partners, TPG Growth and Accel Partners were among its list.<br \/>\nBookMyShow joins the likes of home-grown ride-hailing major Ola, hospitality chain Oyo Hotels &amp; Homes, food delivery majors Zomato and Swiggy, and B2B e-commerce company, Udaan\u2014that are among the most high-profile consumer internet companies to have raised millions of dollars in funding \u2014 in slashing employee numbers.<br \/>\nFounded in 1999, by Hemrajani, the Company\u2019s affected employees will be provided a severance package\u00a0that includes two months\u2019 salary, irrespective of tenure or as per notice period, as well as medical insurance, which will cover their nominated family members also, until September 30.<br \/>\nThose furloughed will continue to remain employed with BookMyShow and will be eligible for all medical insurance, gratuity and other benefits as per their employment standards.<br \/>\n\u201cThe Company has cut all other expenses and renegotiated with vendors, partners and landlords, and after exhausting all other cost-saving measures, we have taken this decision as a last resort,\u201d Hemrajani said in the e-mail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Online ticket booking company, BookMyShow, has laid off or furloughed 270 employees, making it the latest addition to the list of well-funded consumer internet companies to have fired workers in the wake of the economic crisis, due to the Covid-19 pandemic.&hellip;<span class=\"read-more\"><a href=\"https:\/\/www.postaresume.co.in\/blog\/general\/coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":1617,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,15],"tags":[560,561,562,340,527,563,564,538,565,539,681,756,566,567,568,569,570,441,373,904,906,446,907,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,585,908,449,707,490,529,212,905,586,587,588,909,683,519,389,545,589,125,126,127,128,129,130,131,590,591,592,456,593,594,708,302,595,596,597,598,599,134,135,136,137,138,139,600,409,601,602,603,396,604,745,686,605,606,607,608,609,610,611,612,613,143,17,746,747,757,758,759,748,144,145,146,147,148,149,150,151,152,153],"class_list":["post-1616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-hr-trends","tag-best-executive-search-firms-in-ahmedabad","tag-best-executive-search-firms-in-gujarat","tag-best-executive-search-firms-in-india","tag-best-hr-consultancy-in-ahmedabad","tag-best-job-consultancy-in-ahmedabad","tag-best-job-consultancy-in-gujarat","tag-best-job-consultancy-in-india","tag-best-job-sites","tag-best-job-sites-in-ahmedabad","tag-best-job-sites-in-india","tag-best-job-sites-in-india-for-experienced-candidates","tag-best-recruitment-consultancy-in-ahmedabad","tag-best-resume-writing-services-in-ahmedabad","tag-best-resume-writing-services-in-gujarat","tag-best-resume-writing-services-in-india","tag-career-counselling-in-ahmedabad","tag-career-counselling-in-gujarat","tag-engineering-job-consultancy-in-ahmedabad","tag-engineering-placement-consultants-in-ahmedabad","tag-executive-search-firms","tag-firing","tag-foreign-job-consultancy-in-ahmedabad","tag-furlough","tag-get-settled-in-america","tag-get-settled-in-australia-get-visa-in-chile","tag-get-settled-in-canada","tag-get-settled-in-chile","tag-get-settled-in-new-zealand","tag-get-settled-in-north-america","tag-get-settled-in-south-america","tag-get-settled-in-urugua","tag-get-settled-in-usa-get-settled-in-us","tag-get-visa-in-america","tag-get-visa-in-australia","tag-get-visa-in-new-zealand","tag-get-visa-in-north-america-get-visa-in-canadan","tag-get-visa-in-south-america","tag-get-visa-in-uk-get-visa-in-england","tag-get-visa-in-uruguay","tag-get-visa-in-us","tag-get-visa-in-usa","tag-global-retained-executive-search-firm","tag-hiring-firing","tag-job-consultancy-in-ahmedabad-for-pharma","tag-job-placement-agency-in-ahmedabad","tag-job-placement-consultants-in-ahmedabad-list","tag-job-placement-in-ahmedabad","tag-jobs-in-ahmedabad","tag-list-of-executive-search-firms","tag-list-of-job-consultancy-in-gujarat","tag-list-of-job-consultancy-in-india","tag-national-executive-recruiting-firms","tag-news","tag-overseas-job-consultants-for-civil-engineers-africa-jobs-consultants-in-india","tag-overseas-job-consultants-for-mechanical-engineers","tag-overseas-job-consultants-in-ahmedabad","tag-overseas-job-consultants-in-gujarat","tag-overseas-job-consultants-in-india","tag-overseas-opportunity-in-australia","tag-overseas-opportunity-in-canada","tag-overseas-opportunity-in-chile","tag-overseas-opportunity-in-new-zealand","tag-overseas-opportunity-in-north-america-overseas-opportunity-in-chile-overseas-opportunity-in-usa-post-a-resume","tag-overseas-opportunity-in-south-america","tag-overseas-opportunity-in-uruguay","tag-placement-agency-in-ahmedabad","tag-placement-agency-in-gujarat","tag-placement-agency-in-india","tag-placement-consultancy-in-ahmedabad","tag-placement-consultancy-in-gujarat","tag-placement-consultancy-in-india","tag-placement-consultant-in-ahmedabad","tag-placement-consultants-in-ahmedabad","tag-placement-consultants-in-gujarat","tag-placement-consultants-in-india","tag-placement-firm-in-ahmedabad","tag-placement-firm-in-gujarat","tag-placement-firm-in-india-list-of-job-consultancy-in-ahmedabad","tag-pr-opportunity-in-america","tag-pr-opportunity-in-chile","tag-pr-opportunity-in-south-america","tag-pr-opportunity-in-uruguay","tag-pr-opportunity-in-us-pr-opportunity-in-north-america","tag-pr-opportunity-in-usa-pr-opportunity-in-uk","tag-recruitment-consultants-in-africa","tag-recruitment-consultants-in-ahmedabad","tag-recruitment-consultants-in-gujarat","tag-recruitment-consultants-in-india","tag-recruitment-consultants-in-tanzania","tag-resume-writing-services-in-ahmedabad","tag-resume-writing-services-in-gujarat","tag-settle-in-south-america","tag-top-10-job-sites-in-india-for-experienced-job-seekers","tag-top-100-executive-search-firms","tag-top-5-executive-search-firms","tag-top-national-executive-search-firms","tag-top-rated-resume-writing-services-in-ahmedabad","tag-top-rated-resume-writing-services-in-gujarat","tag-top-rated-resume-writing-services-in-india","tag-vacancy-search-in-ahmedabad","tag-vacancy-search-in-gujarat","tag-vacancy-search-in-india","tag-vipul-m-mali","tag-vipul-mali","tag-visa-service-for-america","tag-visa-services-for-chile","tag-why-recruitment-consultancy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This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coronavirus impact: BookMyShow to lay off and furlough employees | POST A RESUME HR Consultancy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.postaresume.co.in\/blog\/general\/coronavirus-impact-bookmyshow-to-lay-off-and-furlough-employees\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coronavirus impact: BookMyShow to lay off and furlough employees | POST A RESUME HR Consultancy\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Online ticket booking company, BookMyShow, has laid off or furloughed 270 employees, making it the latest addition to the list of well-funded consumer internet companies to have fired workers in the wake of the 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