New Delhi: B2B e-commerce platform Udaan has laid off 100-120 employees, people aware of the developments told ETRetail.
The layoffs come post-consolidation of Udaans two business verticals essentials and discretionary. In September, the e-commerce major announced organisational changes in an attempt to drive efficiency by merging and consolidating its essentials business with the discretionary business.
The restructuring exercise during September also saw Udaans key executives – Gaurav Bhalotia, CTO and Vivek Gupta, head – essential categories transitioning from the company.
Confirming the development to ETRetail, a Udaan spokesperson said,We have already made significant progress in our journey towards building a profitable business an…
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