Community and security management startup MyGate has reportedly laid off 30% of its employees, becoming the latest startup to fire employees amid the ongoing funding winter.
The Bengaluru-based startup laid off employees in mid-management and junior roles in the last two weeks. According to the report, it laid off a similar number of employees in December 2022. The startup’s employee count has been reduced from 600 before the layoffs to 400. According to the report, some of the laid-off employees were offered a two-month salary as a severance package, while others were not.
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