Google and Reliance Retail-backed on-line grocery platform Dunzo has laid off about 3 per cent of its whole workforce.
“About 65 of us who work out of the Bengaluru workplace had been known as for a gathering final week and informed that we have been laid off,” a former worker stated.
Reportedly, Dunzo has additionally laid off staff from different places. In response to LinkedIn, the corporate had over 3,000 staff.
“As we scale from 10 to 100, we’re studying how you can redefine enterprise processes at scale. Any determination that impacts folks is hard and at all times our final possibility. Final week, we needed to half methods with 3 per cent of our crew power,” stated co-founder and chief govt officer, Kabeer Biswas.
“Regardless of the numbers, these are individuals who selected to construct their careers with Dunzo, and it’s unhappy to have gifted colleagues go away us. We’re extending the very best help potential to assist them throughout this transition,” he added.
This comes after the corporate delayed its IPO plans that had been earlier slated for 2023.
In 2022, given the rise in on-line grocery market, Dunzo struggled to be a well-liked title. It even restrategised and scaled its each day shops operations down.
In FY22, the corporate’s loss greater than doubled to Rs 464 crore from Rs 229 crore within the earlier fiscal. Its working income elevated 2.1x to Rs 54.3 crore from Rs 25.1 crore in FY21.
