Lay-off season begins as Indian companies reopen
Updated On: 14 April, 2022 05:00 PM IST | Mumbai | IANS
Social commerce platform Meesho has laid off nearly 150 employees (and may ask more to pack up and go), mostly from its grocery division superstore called Farmiso, as it reportedly plans to merge its online grocery vertical with the main app
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Image for representation: iStock
As Indian companies start reopening their campuses and the country returns to normal after two years of the pandemic, a course correction has begun across the growth-stage startup ecosystem and thousands of workers have either lost jobs or are on the verge of being sacked amid slow growth.
There have been several such incidents since February this year as startups started resizing, cutting operational costs or completely shutting shops amid market uncertainties.
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