Monday, March 4, 2024
HomeTechnologyGoogle-Backed Dunzo lays off 3 percent of its workforce. Read the complete...

Google-Backed Dunzo lays off 3 percent of its workforce. Read the complete story here

Google-backed Dunzo’s and Co-founder Kabeer Biswas said the company is doing its best to provide support to the lay-off employees.

Keep in short

  • Dunzo has announced a 3 percent lay off its workforce.
  • The Bangaluru-based startup operates in the same domain as Blinkit, Swiggy 
  • There is no official confirmation of the number of employees who had been laid off. 

By Crox Media: Linkedin and Twitter are full of stories of layoffs as the world is struggling with the economic crisis. Several Tech giants such as Meta, Twitter, and Amazon have fired their workforce in the last couple of months due to cost-cutting and several other reasons. And now, Dunzo has announced they have fired 3 percent of its workforce. 

Dunzo lays off 3 percent of its employees 

The decision to lay off employees at Dunzo is a part of their cost measures. The Company’s CEO and Co-founder Kabeer Biswas while talking to the team CNBC said that the company is offering the best support to the affected employees. He further said, “Any decision that impacts people is really tough and it is our last option”.

Employees at Sharechat 

On Monday, ShareChat another Google Backed venture also announced layoffs. The Social Media Company’s official spokesperson reportedly said “we have taken the most difficult and painful decisions in the history of our company and had to let go 20 percent of its workforce. As company’s capital is expensive, companies need to prioritize and invest in the highest projects only”

In December 2022, there was a report stating that Google Might also lay off around 10,000 employees. However, the company denied it said it will be firing those with poor track records or performance.

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