Layoffs
People
Startups tweak hiring; scrap joining bonuses, increments and ESOPs
Startups are doing away with joining bonuses and offers of stock options besides reducing notice periods as they conserve cash ......
TMT
Byju's fires Toppr staff to cut costs, integrate units
Edtech decacorn Byju’s has asked around 500 employees to resign from its subsidiaries Toppr and Whitehat Jr as it looks ......
People
B2B player Udaan fires 180 employees
B2B unicorn Udaan has fired 180 executives as part of cost rationalization, a person familiar with the development said. The ......
TMT
Citymall lays off 191 employees
Cmunity Innovations Pvt Ltd, which runs online retail platform Citymall, has laid off a section of its employees, a person ......
Finance
Coinbase lays off 18% staff citing management of operating expenses
US-based Coinbase on Tuesday announced a restructuring plan where it will reduce its workforce by approximately 18% or 1,100 employees. ......
TMT
Younger VC-backed startups look to hire skilled talent laid off by other firms
Freshly laid off employees in the startup sector are being eyed by new startups seeking to hire experienced talent in ......
TMT
I know how to build and scale, we will come out stronger: new Invact Metaversity CEO
Tanay Pratap, founder and CEO of Bengaluru-based edtech startup Invact Metaversity, dismisses conjecture that his company is in the shutting ......
TMT
Rupeek lays off up to 15% of workforce amid funding slowdown
In the latest development around the slew of layoffs lately, gold-loan startup Rupeek Fintech Pvt. Ltd has laid off 10-15% ......
TMT
Info Edge-backed Yojak lays off 60 full-time staff, shuts domestic biz
Bizcon Innovations Pvt. Ltd, which runs business-to-business (B2B) marketplace Yojak has shut down its India operations and laid off up ......
TMT
Edtech firm Udayy shutters ops; to return funds to investors
Skorion Technologies Pvt Ltd, which runs learning platform Udayy, has shut down its operations and laid off entire workforce, comprising ......
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