RoboticWares Pvt. Ltd, which runs logistics software as a service (SaaS) platform FarEye, has let go of around 90 employees in a second round of layoffs initiated over the past year.
FarEye employs close to 750 employees, as per the company’s LinkedIn profile, which means that it has laid off about 12% of its workforce. Employees were laid off across verticals, including tech, human resources, and sales.
The company had to reduce its headcount to align its resources, said Kushal Nahata, co-founder and chief executive officer, FarEye. “Our focus on product innovation and customer solutions remains strong, and we will continue to expand our reach in new industries and markets around the globe.”