WayCool joins startup layoffs spree, fires 300 employees to chase profitability
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Agritech startup WayCool has become the latest Indian startup to have laid off employees amid an ongoing funding winter, having reportedly fired 300 employees in a restructuring exercise. According to sources cited by TOI, the startup, which has raised more than $350 Mn in funding, has conducted the restructuring to chase profitability. WayCool is said to have around 2,500 employees.