B2B e-commerce platform Udaan cuts 100-plus jobs: Read the company’s statement

Homegrown B2B e-commerce platform Udaan has reportedly cut more than 100 jobs. The layoffs are said to be part of a restructuring exercise. The Bengaluru-based company restructured its business units in September to merge the essentials business (FMCG, staples, and pharma) and the discretionary business (general merchandise, lifestyle, and electronics).

What the company said on job cuts
“We have already made significant progress in our journey towards building a profitable business and continue to make relevant interventions to our already proven business model, while remaining customer centric and agile.