Reliance Jio has reportedly cut around 5000 jobs mostly from contractual staff

[Shubham]

Jio cuts contractual staff to reduce costs, some permanent ones also hit - ET Telecom

While major redundancies have been on the consumer-facing side, other impacted areas include supply chain, HR, finance, administration and networks.

telecom.economictimes.indiatimes.com

 

[Lobogris]

I suppose they realise they have acquired most o the potential mobile customers.
Now they will have to start increasing revenue. They will slowly start raising prices and decreasing data quota.
They need to do that to have a market or their fiber as well.