The layoff saga in the Indian tech space continues to hurt employees as Dunzo, the quick commerce platform has laid off nearly 150-200 employees as a cost-cutting measure. This is the cash-crunched start-up's third round of layoffs. Amid the economic headwind, the Bengaluru-based quick commerce unicorn has fired nearly 400 employees in eight months. 

According to a report by The Economic Times (ET), Mukund Jha, the co-founder and the chief technology officer of Dunzo, informed the employees about their fate in a short meeting on Monday. 

The development came after multiple media sources reported that the company deferred employee salaries due from June to late August or to the first of September. 

The company, however, refused to comment on the layoffs.

Dunzo is presently in talks with Reliance Retail to raise $26 million to do away with the fund crunch. 

Since the middle of 2022, the Indian start-up ecosystem is going through multiple difficulties. Coupled with the global recession and a ‘funding winter’ in the ecosystem, start-up companies have been laying off their employees to keep the business afloat.

A Mint report, which came out last year, suggested that the companies laid off 20,000 employees. The numbers have increased this year. According to a report by The Hindu Business Line, the number of layoffs has increased by 40 per cent this year. Nearly 11,000 start-ups downsized their employee numbers.