Business-to-business (B2B) ecommerce marketplace Udaan has retrenched 300-350 on-roll employees and a significant chunk of its contract workforce, for a total layoff count to over 1,000 people, according to sources aware of the matter.
This is the second round of layoffs for the Lightspeed Venture Partners-backed company after it laid off 180-200 employees, or 5% of its workforce, in June. Back then as well, the company had laid off 700-800 off-roll employees.
A spokesperson declined to comment on the exact number of employees laid off but confirmed the development.
“As we move forward in our journey towards making Udaan a profitable company, the efficiency enhancement drive and the evolution in business model has created some redundancies in the system, with some roles no longer required. As a responsible organisation, we are working towards providing all requisite support to the impacted employees,” the company said in a statement.