Livspace lays off 15% of its workforce to conserve capital
Shortpedia
Content Team
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Online home decor startup Livspace has laid off 15% of its workforce or around 450 employees as the company’s business has been hampered by the ongoing COVID-19 lockdown. Reportedly, Livspace’s experience centers and last-mile operations were severely impacted due to the restrictions imposed forcing the company to announce layoffs. However, the impacted employees will receive one month’s salary along with extra pay of one-four weeks.
