Indian foodtech Zomato is reportedly planning to cut its total workforce by at least 4% in the coming days.
Zomato began laying off employees this week as the loss-making startup seeks to cut costs and become profitable, according to Moneycontrol. According to sources, at least 100 employees have already been impacted across verticals such as product, technology, catalogue, and marketing. The news comes at a time when the startup has seen a string of high-profile exits, and its share price has dropped dramatically in 2022.
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