Fintech startup Khatabook lays off 42 employees

Fintech startup Khatabook has laid off 42 employees, or 6 per cent of its total workforce, to reorient business in line with its targets, the company said on Friday. The company had a total workforce of 700 prior to the layoffs.

“In-line with our profitability goals, we are reorienting some parts of our business which requires us to operate with a leaner team on certain business verticals,” a Khatabook spokesperson said.