meesho funding

Ecommerce startup Meesho has laid off 251 employees in a bid to turn sustainable amid a larger reset in the technology industry, the company told its staff in a town hall on Friday morning.This would amount to 15% of the total team strength. Meesho joins a growing list of Indian and global tech companies which have cut jobs after a pandemic-fuelled growth, which has now waned. ET reported on April 27 that more than 9,400 jobs were cut by startups in the January-March period this year, citing data from recruitment firm…

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…