Google, Reliance-backed Dunzo Lay Off 3% Of Workforce In Restructuring Exercise
Dunzo, the popular delivery service, laid off 3% of its workforce in a restructuring exercise last week. The Google-backed startup joined a long list of new-age consumer firms that have cut headcount to cut costs, anticipating a long funding winter.
“As we scale from 10 to 100, we are learning how to redefine business processes at scale. Any decision that affects people is difficult and always our last resort.
Last week, we had to part with 3% of our team strength,” Kabir Biswas, co-founder and chief executive officer (CEO), Dunzo said in a statement.
The rapid commerce platform backed by Reliance Retail has around 3000 employees as per LinkedIn description;
Which translates into 90 job cuts. The company did not disclose how many workers were given pink slips in the latest move.
CEO Kabir’s statement further added that Dunzo is doing its best to support employees affected by the transition.
The company last raised USD 240 million from Isha Ambani-led Reliance Retail Ventures in January 2022.
Other investors such as Lightbox and Lightrock also participated in the funding round, valuing Dunzo at USD 800 million.
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