Tech layoffs: Simpl startup lets go of over 150 employees, read what the CEO has to say

The buy now and pay later startup Simpl is the latest company to join the wave of tech layoffs. The tech startup has reportedly fired 150 employees. According to a report by CNBC, the company told its employees that it overhired the staff during the pandemic due to the rise witnessed by the e-commerce segment. However, now it has decided to take corrective measures. As per the report the layoff has affected about 150 employees of the company.

Here’s the complete letter Nitya Sharma, CEO and Co-Founder, Simpl wrote to the employees: