spicejet employees

spicejet employees

spicejet employees

We are implementing staff cuts to align companywide costs with operational requirements,” stated a spokesperson. The decision comes in response to the carrier’s ₹60 crore salary bill, according to sources familiar with the matter.

spicejet employees
image credits: business standards

“Some individuals have already received termination calls,” noted one insider, highlighting the ongoing terminations. SpiceJet has faced challenges in meeting salary payments for several months, and many employees are still awaiting their January pay.

While SpiceJet has announced a fund infusion of ₹2,200 crore, there are reports that some investors are hesitant. The spokesperson addressed this by stating, “There aren’t any funding delays, and we are progressing well with our fund infusion. We have already made public announcements, and additional updates will follow as we proceed with the next tranche. The majority of investors have subscribed.”

During its peak in 2019, SpiceJet boasted a fleet of 118 planes and a workforce of 16,000 employees. In comparison, its closest competitor in terms of market share, Akasa Air, has 3,500 employees and a fleet of 23 planes. Both airlines hold nearly 4% share each of the domestic market.

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