Recession strikes Bollywood; Yash Raj Films lays-off 20

The list of sectors afflicted by recession blues seems to be getting
longer.

After the airline, financial, textile and IT sectors, it is now the turn of Bollywood to be struck by recession.

Leading film-making company, Yash Raj Films (YRF), is understood to have laid-off 20 long-serving employees recently as a part of its cost-cutting initiatives.

"The company recently asked 20 employees to leave, saying that it was not in a position to retain them any longer," an affected YRF employee told PTI here.

Read the whole report at the link above.

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