The  Economic Times reported  that low cost carrier Spice Jet in order to reduce the operational costs is set to lay 1,400 employees which comes to 15% of its workforce  . It’s reported that to retain the interests of it’s  investors this move is made . Spice Jet airlines that’s in a struggling phase has 9000 employees  and 30 planes  in operation. The job cuts have been confirmed by  Spice Jet spokesperson.  “This is to ensure an alignment of company-wide costs as against operational requirements,” the spokesperson was quoted as saying in the ET report . “As part of our turnaround and cost-cutting strategy, following the recent fund infusion, SpiceJet has initiated several measures, including manpower rationalisation, aimed at achieving profitable growth and positioning ourselves to capitalise on the opportunities in the Indian aviation industry. Through this initiative alone, we anticipate an annual saving of up to Rs 100 crore,” said a SpiceJet spokesperson. Some employees  have started receiving termination calls .