Friday, 24 March, 2023

Udaan fires 180-200 employees, 5% of its staff

<p>Udaan, a company in business-to-business (B2B) eCommerce, let go of 180&ndash;200 employees or 5% of its staff. The firm described the layoff as &quot;rare&quot; during a town hall meeting with the workforce on Monday. Unable to say how many staff was let off, a corporate spokeswoman verified the news to ET. Vaibhav Gupta, the chief executive, informed his workers of the layoffs in an internal note. Udaan recently closed a $225M debt financing round through convertible notes.&nbsp;</p>