Wednesday, May 22, 2024
Outlook India
Outlook Business

Startup Layoffs

Walmart-owned Flipkart has also stopped hiring new workforce to optimise its business operations

The company clarified that the job cuts primarily targeted positions that could be automated through AI processes

The 60 employees who were laid off were reportedly from tech, sales, customer success, and HR departments

In October, the edtech decacorn announced rationalising its workforce, which effectively meant terminating the services of 2,500 employees from its 50,000-strong team

A few days back, BYJU's terminated the contracts of nearly 2500 employees

The decision to lay off the 40 employees in the operations and back-end team has been undertaken to manage costs and streamline the business