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Milkbasket to cut down 600 jobs, as Reliance plans to shut down the app

Milkbasket plans to reduce its workforce by 25-30% after losing its top three executives, according to anonymous sources. Reliance is expected to launch a new platform called 'Jio Smart Daily' and discontinue the Milkbasket brand, although a final decision has not yet been made. The remaining MilkBasket team members are expected to join Jio Smart, while Reliance Retail aims to find jobs within the company for Milkbasket employees.

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