layoffs: Made judgement errors in over-hiring: Meesho CEO Vidit Aatrey after announcing layoffs
Bengaluru-based ecommerce startup Meesho on Friday slashed 15% of its workforce, affecting 251 employees, as cofounder and CEO Vidit Aatrey cited a “challenging macroeconomic environment” being the reason for the retrenchment. “I have a difficult news to share today. We are reducing the size of the Meesho workforce by 15%, affecting 251 employees,” Aatrey said in his email. “As leaders, we made judgement errors in over-hiring ahead of the curve...At the same time, we could have run our org structure in a more effective…