Zypp Electric Trims 10% Workforce Over ‘Performance’ Issues

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SUMMARY

Zypp Electric CEO Akash Gupta told Inc42 that the retrenchments were part of a “rationalisation” exercise aimed at driving efficiency, sustainable growth and profitability

Gupta also said that the company has downsized its workforce to 1,180 from 1,300 employees in January this year

Earlier, Zypp cofounder and CBO Rashi Agarwal told Inc42 that the startup will clock INR 1,000 Cr revenue in FY25 and achieve EBITDA profitability

IPO-bound electric mobility startup Zypp Electric has laid off nearly 10% of its…



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Zypp Electric Trims 10% Workforce Over ‘Performance’ Issues


SUMMARY

Zypp Electric CEO Akash Gupta told Inc42 that the retrenchments were part of a “rationalisation” exercise aimed at driving efficiency, sustainable growth and profitability

Gupta also said that the company has downsized its workforce to 1,180 from 1,300 employees in January this year

Earlier, Zypp cofounder and CBO Rashi Agarwal told Inc42 that the startup will clock INR 1,000 Cr revenue in FY25 and achieve EBITDA profitability

IPO-bound electric mobility startup Zypp Electric has laid off nearly 10% of its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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