hospital covid-19 crisis travelers

Covid-19 impact: Job losses mount in smaller startups, unicorns

Reading now: 673
www.livemint.com

Bengaluru: From online food delivery, hospitality and tourism to mobility, social commerce and foodtech, smaller start-ups and well-funded unicorns are downsizing or streamlining operations to cut costs as demand remains muted due to the covid-19 outbreak and lockdown.

In April and May, multiple startups have laid off or furloughed employees and contract staff, besides salary cuts to save cash after revenues take a hit.

Foodtech startup Dineout and online real estate platform Magicbricks have both laid off employees across different business roles, according to three people aware of the development.

Both Magicbricks and Dineout have decided to cut staff count on basis of performance in early May after the crisis impacted sales at both

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA