MakeMyTrip Lays Off 350 Employees as Lockdown Ravages Travel Industry By Techtonic group Gurugram, Haryana-based travel firm, MakeMyTrip, is laying off 350 employees after suffering a massive downturn in its business because of the COVID-19 pandemic. In a letter sent to all employees on Monday, the company's founder, Deep Kalra, and CEO, Rajesh Magow, said that the decision was "undoubtedly the toughest decision we have had to take so far and it's the saddest day for us as an organization" . As part of the severance package, employees will get salary payments as per their notice periods, as well as Mediclaim coverage for themselves and their families until the end of the year . All affected employees will also be entitled to leave encashment, gratuity and outplacement support. They will also retain the right to exercise part of RSUs (Restricted Stock Units) as applicable and get to keep their company laptops. According to NDTV, the letter said: "....