E-commerce firm Meesho lays off 251 employees

E-commerce firm Meesho has laid off 251 employees constituting 15 per cent of its workforce to cut costs and as part of its efforts to achieve profitability, a top company official said on Friday.

Meesho Founder and CEO Vidit Aatrey in an email to employees informed about the decision and announced that all the affected employees will get one month extra severance pay beyond the notice period as well as ESOPs irrespective of the period they have been with the company.

“We are reducing the size of the Meesho workforce by 15 per cent, affecting 251 employees,” Aatrey said in an internal email.

He said that the company grew 10 times from 2020 to 2022 which was aided by Covid tailwinds and aggressive investments.