Latest Articles in lay offs
Automation Startup Cogito Sacks 177 Employees
According to a media report, the startup has closed its operations at the office where the impacted employees were posted
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Fintech Startup Tickertape Lays Off 30% Of Employees
The layoffs are most likely the result of rising losses and the Indian startup ecosystem's prolonged fundraising winter. Tickertape lost Rs 16.4 crore in FY22, while sales was Rs 3.01 crore
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Startup Livspace Lays off 36 Employees Of Its Workforce
Growth stage well established startups like Dealshare, GoMechanic, MohallaTech, Swiggy,Dunzo, Ola, Cashfree, Byju’s, Vedantu, and Unacademy have also downsized staff, citing the ongoing funding crisis and keeping their cash runways in check
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Hubilo Gives Pink Slips To 15% Of Its Workforce
Hubilo has now joined the ranks of a slew of technology firms that have given employees pink slips in order to cut costs. Thousands of workers have been laid off by startups across industries, with over 1,500 people losing their jobs in the first few weeks of 2023. Mohalla Tech, the parent company of ShareChat, is a quick commerce platform
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SaaS Startup Exotel Fires Around 142 Employees
The startups did not pay any severance packages to the impacted employees. The company claims that it handed the pink slips to the employees after reviewing their performance
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GoMechanic Sacks 70% Of Its Workforce, Founder Admits To Financial Misreporting
Several tech or SaaS-based companies have been firing a significant number of their workforce, including Rebel Foods, Exotel, and Dunzo
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B2B Unicorn Moglix Lays Off 3% Of Its Workforce: Report
The layoffs come as the Tiger Global-backed unicorn is in talks to raise USD 100-150 million from new and existing investors
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PayU India Lays Off 150 Employees
PayU India, the payments and fintech unit of South African multinational Naspers’ investment arm Prosus lays off 150 employees which is 6 per cent of its total workforce
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HealthifyMe Lays Off 150 Employees
A Bengaluru-based Health tech startup, HealthifyMe lays off 150 employees to achieve profitability amid the funding winter and recession
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SaaS Startup Chargebee Lays Off 10% Of Its Employees
However, Chargebee CEO Subramanian stated in an email to employees that affected employees will receive a three-month severance package, extended health insurance, and an extension of time to exercise stock options granted under the startup's stock incentive plan
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