ShareChat, Dunzo to join list of startups planning mass layoffs in India

New-age consumer firms are planning additional layoffs to cut costs as 2023 starts on a cautious note, a report by The Economic Times (ET) said. Last week, Dunzo, a Reliance-backed quick delivery startup, laid off 3 per cent of its employees to cut costs.

“Any decision that impacts people is tough, and always our last option. Last week, we had to part ways with 3 per cent of our team strength,” Dunzo co-founder and CEO Kabeer Biswas told ET.

While the exact number of those laid off is yet to be revealed, people in the know say the company axed around 60-80 employees.