Tiger Global-backed unicorn Moglix to lay off 2-3% of its staff

Industrial goods marketplace Moglix has become the latest Indian unicorn to lay off employees. While Moneycontrol reported, citing sources, that about 15% of Moglix's workforce would likely be impacted, the company stated that 2-3% or about 40 of its workforce can be impacted. "We keep a watch out for low performers and continue to automate tasks," the company added.