Thursday, 20 June, 2024

ReshaMandi Lays Off 80 Employees Amid Funding Shortage

ReshaMandi, a startup focused on the silk supply chain, has laid off 80 employees due to a funding shortfall. The layoffs reflect the company's struggle to secure additional capital amid a challenging economic environment. This move is part of ReshaMandi's broader strategy to streamline operations and manage resources more efficiently while navigating the current financial constraints impacting the startup ecosystem.