B2B e-commerce unicorn Moglix joins layoff spree, fires 40 employees
Shortpedia
Content Team
Image Credit: Inc42
B2B industrial goods marketplace unicorn Moglix has become the latest Indian startup to layoff employees amid the funding winter, sacking 40 employees. The ecommerce unicorn might have fired as many as 200 employees or about 15% of its workforce, Moneycontrol reported citing sources. However, in an official statement, Moglix said that only 40 employees, or 2-3% of its workforce, were impacted after an annual performance review.
