Dr Reddy’s slashing jobs to cut costs by 25%; asks several Rs 1 crore+ earners to resign

Dr. Reddy's Laboratories is implementing cost-cutting measures, aiming to reduce manpower expenses by 25%. High-salaried employees, including those earning over ₹1 crore annually, are being asked to resign. The R&D division is offering voluntary retirement to employees aged 50–55. Some divisions, like digital therapeutics, may face shutdowns or downsizing, impacting 300–400 employees.

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