yatra.com

Yatra.com founders cut 50%, sending some employees on unpaid leave

In the wake of the global pandemic, travel portal, Yatra.com, has decided to send few of its employees on unpaid leaves for two and a half months, starting April 16. This is part of its cost-cutting strategy. The remaining members of the staff will be taking pay cuts in varying degrees. The founders have decided to cut salaries by 50 percent.

With all domestic and international flights being grounded, and national sealing their borders, the travel sector has witnessed no activity for a long time now. However, Yatra.com is concerned about the future, it is also hopeful that things will return to normal post the lockdown.

The Company is being extremely positive and optimistic that eventually things will fall in place once the lockdown is lifted. The main concern at present is to make sure that none of the employees loose their livelihood. It has said that asking employees to go on unpaid leave and to pay some of them lower wages are all temporary measures for these difficult times.

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For employees who are receiving salaries, the deduction will be based on their slabs and the utility of the business. Employees who will have to work despite the lockdown will receive a salary after a 25 percent reduction. Those below them will receive 50 percent of their salary and those below them will also face 25 percent of their salary.

Employees who do not fall under the purview of any utility slabs are those who must go unpaid leaves by the end of June. If the travel restrictions are lifted and the ticketing work resumes, the travel company hopes to call these employees back before the scheduled time.

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