https://www.google.com/amp/s/qz.com/india/1784922/oyo-ola-paytm-walmart-layoffs-may-be-just-the-start/amp/
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TL;DR:
Walmart India: The retail giant has let go of 56 top executives at its Gurugram headquarters. “All the impacted associates (eight in the senior management and 48 in the middle/lower management) have been offered enhanced severance benefits and outplacement services to support their transition,” Krish Iyer, the company’s president & CEO said while confirming the development on Jan. 13. A report in the Economic Times had claimed that the company is letting go of a third of its top management as “profit has eluded Walmart in India with tepid sales growth, more than a decade after entering the country.”