ShareChat trims 15% workforce in fresh round of layoffs
The development comes almost a year after the company in January this year, fired 20% of its workforce or 200 employees in order to cut costs.
The development comes almost a year after the company in January this year, fired 20% of its workforce or 200 employees in order to cut costs.
Meesho says it’s looking forward to working with a "leaner organisational structure to achieve sustained profitability"
The startup "made errors in judgment as we followed growth at all costs, including in regard to financial reporting, which we deeply regret," says GoMechanic co-founder Amit Bhasin.
The development comes days after upGrad reported that its losses have widened threefold to ₹626.6 crore in the financial year ended March 2022, as against ₹211.1 crore in the same period last year.
Ed-tech major Byju's says it has adopted a "three-pronged" approach to achieve its plan of group-level profitability by March 2023.
Firms will have to expand their footprint in non-metros, which present a huge opportunity, and will need to devise affordable product pricing, says Mayank Kumar, co-founder & MD at upGrad
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