 "udaan, b2b retail, firms, startups")
Udaan - India’s largest business-to-business (B2B) e-commerce company - has laid off about 180 employees, or 4-5 per cent of its workforce of 4,000, in a move to drive cost efficiency, revealed sources. They said the layoffs have happened across various department functions.
The layoffs have happened at a time when the Bengaluru-based firm is trying to turn into a publicly listed entity in 18-24 months. For this, it is focusing on positive unit economics and tracking quarter-on-quarter performance of the firm.
Udaan declined to divulge the exact number of employees it is laying off but said it believes in
