Rupeeks Layoffs – Lays off 180 Employees

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Gold loan platform Rupeek lays off over 180 of its employees “With deep regret, we have taken the difficult decision to part ways with 10-15 percent of the employees,” the company said in a statement.

The impact of the startup funding winter has extended to the fintech space with gold loans platform Rupeek saying it has laid off 10-15 percent of its employee base.

Rupeek, the first fintech to layoff employees amid tough marco conditions, has over 1,200 employees and has laid off over 180 people.

In a statement the company said, “With deep regret, we have taken the difficult decision to part ways with 10-15 percent of the employees. The subdued macroeconomic environment has compelled us to re-calibrate our strategy, relook at our costs and make our organisation structure leaner, so as to support our sustenance and growth.”

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