E-commerce roll-up firm UpScalio lays off 15% staff in December

E-commerce roll-up company UpScalio laid off 15% of its workforce or 24 employees in December as part of its standard annual employee appraisal process, confirmed Ankur Singh, UpScalio's Head of People and Culture. These lay offs were not restricted to a single business division, the company said in a statement. UpScalio currently has an employee base of 220 across functions.