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One more layoff news

Is Deloitte / KPMG Firing employees ?
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Is it safe to sign part time employment contract while working full time in service based firm?
Will there any problem arise in taxation if I provide my pan card details?
Please help to take a wise decision.
There won't be any issue from a taxation perspective that's for sure. Not sure about the legal issues though.
I am really in a hurry, please help me with your suggestions asap.