Even as the Narendra Modi government’s demonetisation move has begun to bite Indians hard, the ABP Group, which publishes two of eastern India’s most popular newspapers – the Bengali daily Anandabazar Patrika and the English newspaper The Telegraph – is all set to retrench jobs of both journalists and non-journalists.

The downsizing of its workforce, by as much as 40 percent, will begin with immediate effect. The information related to this imminent job cut has been conveyed to employees informally.