FarEye lays off 250 Employees – 30% Workforce

New Delhi-based SaaS logistics startup FarEye has laid off around 250 employees this week. The layoffs have impacted employees at its India, North America, and Europe offices. 

The startup has laid off employees from product & engineering, professional services, talent acquisition, quality analysts, sales, and developers among others.

As per sources, the startup has laid off employees from across its global teams

The layoff comes almost a year after it had raised $100 Mn in its Series E round from TCV and Dragoneer

According to Inc42 Layoffs Tracker, Indian startups (including FarEye) have laid off around 9,518 employees in 2022

FarEye operates across the world – Chicago, London, Dubai, Noida and Singapore.

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