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The story behind the story

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Source: Indian B2B marketplace Udaan plans to lay off 325 to 350 employees, or about 10% of its workforce, a week after raising $120M in convertible debt

Up to 350 on-payroll employees to get impacted, apart from a number of contractual workers  —  A week after securing $120 million …

Moneycontrol Deepsekhar Choudhury

Discussion

  • @moneycontrolcom @moneycontrolcom on x
    Udaan has around 3,000 employees on the rolls while 10,000-12,000 people work for the company via outsourcing firms. Read Here 👇🏻 https://www.moneycontrol.com/ ... #Udaan #Layoffs #employment | ✍️ @deepsekharc
  • @chandrarsrikant Chandra R. Srikanth on x
    No end to grim news, be it US tech or India tech. Udaan prepares to lay off over 10% of employees, a week after $120 million financing. 325-350 employees will be impacted plus a number of off-payroll contractual workers @deepsekharc ✍️ https://www.moneycontrol.com/ ...