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Tag: layoff

Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏ market͏͏ rally͏͏ that͏͏ saw͏͏ the͏͏ Sensex͏͏ and͏͏ Nifty50͏͏ also͏͏ reach͏͏ record͏͏ highs. The͏͏...
Sereko, India’s leading Psychodermatology Skincare brand, is making͏ s͏ig͏ni͏fi͏can͏͏t ͏str͏͏͏id͏e͏s͏͏͏ in ͏it͏͏͏s͏͏ ͏mis͏sion ͏t͏o ͏͏e͏͏n͏ha͏nce ͏access t͏o͏ hol͏istic sk͏͏͏͏͏incare sol͏͏uti͏ons. Th͏e brand͏ ha͏s par͏t͏͏͏n͏e͏͏͏red ͏with͏ TATA 1mg for ͏a͏͏ strate͏gic retail ͏͏ex͏p͏a͏nsion, launchi͏n͏͏g͏ in͏ 20 s͏t͏͏ore͏s͏...

IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability

IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...

Post funding bonanza of $340 Million, Udaan lays off staff in major restructuring move

Udaan, the Bengaluru-based B2B ecommerce unicorn, has fired approximately 120 employees just within a week of securing $340 million in its Series E funding...

Deloitte raises doubt on Dunzo’s ability to continue as ‘going concern’

Deloitte, a leading consulting firm that conducted a financial audit for Dunzo, a cash-strapped startup in FY23, has stated that the company's viability as...

Dunzo’s leadership exodus continues: Co-Founder Mukund Jha steps down

Dunzo, the Indian quick commerce startup, continues to grapple with challenges. Just one day after the company officially announced the departure of Co-Founder Dalvir...

Foodpanda strives for agility with new layoffs amidst possible sale to rival Grab

On Friday, Foodpanda, a food delivery service headquartered in Singapore, officially announced its ongoing round of layoffs, emphasizing the continued importance of becoming "more...

Reliance Retail officially confirms Milkbasket’s merger with JioMart; dismisses layoff rumors

Reliance Retail-owned Milkbasket has taken significant strides towards streamlining its operations. As part of this endeavor, the company is currently in the process of...

Dunzo’s financial woes continue: Third round of layoffs to impact 20% of workforce

According to reports, Dunzo, the quick commerce startup, is anticipated to undergo another round of layoffs this week. Insiders familiar with the matter informed Moneycontrol...

Food ordering giant Grubhub to terminate nearly 400 employees in downsizing move

Grubhub, an American online food ordering company, has recently revealed its decision to downsize its workforce by approximately 15 percent, resulting in the termination...

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