E-commerce startup Meesho cuts 15% workforce, cites judgement error in hiring

Softbank-backed e-commerce unicorn Meesho has announced its third round of job cuts in just over a year, leading to the termination of 251 employees, which represents around 15 per cent of its workforce.

“We have taken a difficult decision…as we look to work with a leaner organizational structure to achieve sustained profitability,” a Meesho spokesperson told DH.

Earlier, Meesho had fired 150 employees in April last year after it rebranded its grocery arm from Farmiso to Superstore. Then in August, it fired another 300 people as it announced the closure of its grocery business. The latest round is, however, the first one at Meesho’s marketplace model, its core business.