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UDAAN EMPLOYEE LAYOFFS
Udaan CFO Aditya Pande resigns; firm announces senior-level changesKiran Thadimarri, group finance controller, will be elevated to the executive management team. Further, Vishnu Menon, head - corporate stra...- Udaan valuation dives to $1.8 billion in down roundBengaluru-based Udaan was last valued at $3.2 billion following a funding round in January 2021. It closed a $340 million financing last De...
- 28,000 and counting: That’s the 2023 layoff data from startup landStartups have been the worst hit this year since the highs of aggressive hiring from 2021, data from Longhouse Consulting shared exclusivel...
- Bose picks up minority stake in Noise; Udaan fires over 100 employeesIn what could potentially strengthen homegrown audio accessories and wearables brand Noise’s foothold in a tightly contested segment, the c...
- Udaan lays off over 100 employees shortly after $340 million fundraiseMost of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, peopl...
- Third Wave Coffee lays off employees months after fundraiseThird Wave confirmed the layoffs to ET in a statement, saying that it was a “one-time restructuring exercise to consolidate our teams”.
- Udaan CTO Gaurav Bhalotia to exit as B2B startup rejigs units, rolesThe company said that the technology vertical would be split into separate ‘product’ and ‘engineering’ functions. While Siddharth Reddy wil...
- Quick commerce startup Dunzo formally announces fresh layoffsThis is the third round of layoffs at the Reliance Retail-backed firm, which is grappling with cash flow issues.
- Layoffs in 2023: Cred, Meesho, Dunzo among Indian startups & tech companies that have cut jobsIndian startups, too, have been impacted over the last 6 months as they struggle to raise funds in a tough global environment.
- CFOs warn about job cuts in education sector in next 6 monthsAccording to a a survey of 600 CFOs by Coupa, a Cloud-based platform, 100 per cent of CFOs in the education sector responded with "reduce w...
- Over 70 Indian startups show exit door to 21K techies, more pink slips comingAs global layoffs deepen, Indian startups are not far behind and have sacked thousands of employees in the past 3-4 months, with many more ...
- 2022 | The year of governance misses, layoffs, a funding winter & regulatory diktatsIn the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. ...
- 2022 Year in Review | Udaan, Ola and Oyo log most senior executive exits this yearAt least 50 top executives - ranging from C-suite to category and business heads - left Udaan in 2022, as the company grappled with funding...
- 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...
- Xiaomi fires 900 employees, to slash 10% of jobs globally: ReportThe termination comes after several companies, including Facebook-parent Meta, Elon Musk’s Twitter, and Microsoft, announced layoffs recent...
- Healthtech startup PharmEasy lays off more employeesThe layoffs were attributed to a variety of factors, including restructuring, macroeconomic headwinds, and the ongoing Russia-Ukraine confl...
- Employees sue Twitter as bloodbath looms; Udaan sacks another 1,000Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emai...
- Udaan fires over 1,000 employees in second round of layoffsThis is the second round of layoffs for Udaan after it laid off 180-200 employees, or 5% of its workforce, in June. Back then as well, the ...
- Udaan fires 180-200 staff, 5% of its workforce, to cut costsA company spokesperson confirmed the development to ET without disclosing the number of employees it had fired.
- OkCredit lays off staff as it realigns focus on fintech offeringsOkCredit said it will be hiring talent with relevant skillsets as a part of the realignment. It also claimed that it is supporting laid-off...
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