People Digest: BookMyShow downsizes; JP Morgan ropes in former UTI Mutual Fund CEO

Mumbai-headquartered online ticket booking firm BookMyShow has retrenched or furloughed as many as 270 employees across various functions and teams in the wake of the COVID-19 crisis that has impacted businesses across sectors. In a separate development, JP Morgan has roped in Leo Puri, former managing director and chief executive of UTI Mutual Fund, as its chairman of South Asia and Southeast Asia business. The move comes in as veteran banker and current chairperson Kalpana Morparia expressed her desire to retire from the role after a long a 45-year stint in the financial services industry.