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Udaan fires 300-350 employees days after raising $120 mn: Reports
short by Purnima Rajput / on Saturday, 5 November, 2022
B2B unicorn Udaan has fired 300-350 employees to improve the company's efficiency and achieve profitability, reports said. This is the second round of layoffs this year as the company fired 180-200 employees in June. The latest round of layoffs comes days after the Lightspeed Venture Partners-backed firm raised $120 million in convertible notes and debt from existing shareholders and bondholders.
read more at CNBC-TV18