Dr Reddy’s lays off employees above Rs 1 crore package

Drugmaker Dr Reddy’s Laboratories is allegedly reducing its workforce costs by nearly 25 per cent, and also laying off employees earning above Rs 1 crore yearly, according to media reports.

The company reportedly has also offered voluntary retirement to



employees aged 50-55 within its research and development division. The reports stated that multiple high-salaried employees across various departments have already been asked to resign.

The move comes amidst the company’s ongoing efforts to boost operational efficiencies.