SpiceJet to sack 15% of workforce, co says its a 'turnaround' strategy

Private airline SpiceJet is set to lay off 1,400 employees, constituting 15% of its workforce, as part of a cost-cutting strategy aimed at achieving profitable growth. The move comes after recent fund infusion, with the airline expecting an annual saving of up to Rs 100 crore through this initiative alone. SpiceJet is currently undergoing fundraising efforts