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Omaxe
Omaxe axes 70 staff, cuts pay by 10%
New Delhi: Real estate firm Omaxe today said it has fired 70 people and reduced salaries of its employees by 10 per cent on average as part of cost cutting measures, to beat the current slowdown in the property market. "We have slashed workforce by five per cent and reduced salary by an average 10 per cent," an Omaxe spokesperson said. Telecom Italia to cut 4,000 jobs She said the company had laid