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FURLENCO LAYOFF
ETSA 2024: Comeback Kid winner Rentomojo eyes IPO in next 18 monthsETSA’s ‘Comeback Kid’ category winner Rentomojo’s founder Geetansh Bamania talks about weathering storm. Rentomojo turned profitable in FY2...
2022 Year in Review: Fund-starved startups sacked nearly 18,000 employeesEdtech companies accounted for a staggering 44% of the total layoffs. In total, 52 startups fired 17,989 employees spread across edtech, co...
Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exitsThis time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Long...
Hiring intent remains strong among startups despite job cuts: SurveyThere is likely to be a 20-25% increase in hiring of mid-to-senior talent by well-funded startups in ongoing quarter compared with a year e...
Digital health platform Mfine lays off 500 employeesThe job cut accounts for about half the workforce at Mfine that had been hiring employees until last month, according to media reports.
Startup investors push founders to focus on stronger unit economics amid funding slowdownIn the last 2-3 weeks, many startups have deferred hiring mandates to the next quarter, as they head into a funding winter and want to go s...
Winter is coming, Y Combinator warns; startups show solidarity amid layoffsThe famed Silicon Valley startup accelerator has told founders of all its portfolio companies to hunker down, cut costs and extend their ru...
Startups reach out to find jobs for the laid-offScaler, Filo, Classplus, PhysicsWallah, BrightChamps, Teachmint, ByteLearn and Mojocare were some of those companies offering help.
Cars24 fires 600 employees across departmentsCars24, backed by Japan’s SoftBank and Alpha Wave Global, has joined a growing list of startups such as Unacademy, Vedantu, and Meesho that...
Now, Cars24 sacks 600 employees; small online sellers face CCI heatThe company, which is backed by SoftBank and Alpha Wave Global, joins a growing list of startups that have fired employees to conserve cash...
Vedantu says it is laying off another 424 employeesVedantu had earlier fired 200 of its contractual and full-time employees, amid cratering demand for online education, owing to the opening ...
Vedantu to sack another 424 employees; PhonePe to buy WealthDesk, OpenQ for $75MEdtech unicorn Vedantu said it is laying off another 424 employees – about 7% of its workforce – just days after sacking 200 contractual an...
Delhivery lays out post-IPO plan; Vedantu lays off 200 employeesNew-age logistics startup Delhivery has fixed a price band of Rs 462-487 a share for its Rs 5,235-crore initial public offering (IPO). The ...
Edtech unicorn Vedantu lays off 200 employeesAbout 120 of these employees were on contract while 80 were full-time employees, Vedantu told ET. Almost all were from the company’s academ...
Cameo, celebrity video shout-out app, says it will layoff 25% of employeesThe decision to reduce our headcount was a painful but necessary course correction” to “balance our costs with our cash reserves,” CEO and ...
Startups shed flab amid slowdown in large funding roundsThe trend is likely to play out further, though the early-stage funding ecosystem has yet to significantly taper off. Investors have begun ...
Amid startup layoffs, IT firms plan 8-10% hikes. This has prompted several new-age companies, from Unacademy to Meesho, to lay off employees as they look to cut costs and get back to bas...
Meesho lays off over 150 employees from grocery biz as it restructures vertical“As we look to boost efficiencies in the light of the integration, a small number of full-time roles and certain third-party positions on s...
Furniture rental startup Furlenco lays off 180 employees amid restructuringThe Bengaluru-based startup is backed by the likes of UAE-based CE-Ventures, Zinnia Global Fund, Lightbox, Bollywood actor Aamir Khan, amon...
New-age companies show how to spread cheerBeing in the lap of nature in a relatively inaccessible location offers the opportunity to engage in team building activities.