B2B Unicorn Udaan has so far laid off a total of more than 1000 employees.
Recently, UDAN has fired 300 to 350 employees. The department which had more employees than necessary has been retrenched.
Earlier in June also, Udan had laid off 180 to 200 employees, which was five percent of its total workforce.
Along with this, Udan had also laid off 700-800 off-roll employees. Udan has so far laid off a total of more than 1000 employees.
Let us tell you that 1000 employees fired from Udan include both on-roll and contract workers.
A Udan.com spokesperson confirmed the layoffs but declined to give the number of employees fired.
Let us tell you that Udan.com recently raised $ 120 million from existing shareholders and bondholders.
The company said in a statement that we want to go on the path of profit. So this retrenchment was necessary.
Meanwhile, the company's CFO Aditya Pandey told that the company's IPO can come in 12 to 18 months.
Udaan CEO Vaibhav Gupta said in an interview in February that the company plans to go for an IPO in May 2023.
Earlier today, the new boss of the social media platform Twitter, Elon Musk, almost fired his entire team in India.