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Dr. Reddy's Laboratories plans to lay off 300-400 high-earning employees to cut costs and boost efficiency.
Dr. Reddy's Laboratories, an Indian pharmaceutical company, plans to cut workforce costs by about 25% and lay off around 300-400 employees, mostly those earning over Rs 1 crore annually and some in the R&D division.
This move aims to save approximately Rs 1,300 crore annually and improve operational efficiency.
Despite these cuts, the company reported a 2% increase in net profit for the quarter ended December 2024.
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Los Laboratorios del Dr. Reddy planean despedir a 300-400 empleados de alto rendimiento para reducir costos y aumentar la eficiencia.