Reliance Retail has generated net new employment opportunities for 2,500 individuals in January 2023 alone, according to media sources.
However, market sources indicate that 567 people have resigned on performance grounds and are currently serving their notice periods since April 2023.
Market sources argue that emphasising the 567 performance-based exits, which account for less than 0.14 per cent of Reliance Retail’s large employee base of over 400,000, would be misleading and alarmist. It is important to note that churn rates, including employee turnover, in the organised retail sector in India typically range from 30 to 40 per cent annually.
These sources stress that separation and redeployment are regular occurrences in the normal course of business and are often performance-related.
Reliance Retail Ventures operates an extensive omnichannel network comprising 18,040 stores and digital commerce platforms across various consumption baskets such as grocery, consumer electronics, fashion & lifestyle, and pharma. Through its new commerce initiative, Reliance Retail has partnered with over 3 million merchants
