Multiple sources have confirmed us that Wateen has fired at least 500 employees, posing recession as the root cause.
This rumor of downsizing at Wateen was in market for several days, until it matured yesterday when company reportedly fired 550 employees in total from almost all departments.
It is anticipated that Wateen has plans to downsize its workforce further in next phase, with equal value. Earlier, Wateen fired at least 200 employees three months ago.
Am employee at Wateen, (requesting anonymity) told us that staff is under high pressure, with no job security at all. He also confirmed that Wateen re-tested its employees through multiple interviews – and those who couldn’t justify themselves were fired.
We couldn’t arrange official words on this downsizing.