Rupeek, which operates an online marketplace for gold loans, terminated a human resource contract with Aasaanjobs, a recruitment marketplace for blue and grey-collar jobs, allegedly indirectly impacting 600 jobs.
The Bengaluru-based firm said it had to take the “unfortunate decision” of not renewing the contract with the human resource contractors and had to reduce the number of outsourced staff, in the current economic environment.
“We regret the unfortunate timing of this event. To protect their interest, we are offering a generous severance package over and above the contractual dues. We have also decided to put in limbo any decision on the rationalisation of our own employees. We will review this at an appropriate time,” the company said in a statement.
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