CARS24 To Fire 120 More Employees In Restructuring Exercise

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Over a month after it laid off 200 employees, used car marketplace Cars24 is in the process of laying off another 120 employees from its non-core verticals as part of a restructuring exercise, sources told Inc42.

The Delhi NCR-based startup is either shutting or scaling down its non-core verticals. As part of this, it is shutting its B2B vehicle spare parts platform ‘Inspare’, which will result in 80 employees losing their jobs, the sources said.

The startup has informed employees of catalogue, procurement, sales, operations, and other…



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CARS24 To Fire 120 More Employees In Restructuring Exercise


Over a month after it laid off 200 employees, used car marketplace Cars24 is in the process of laying off another 120 employees from its non-core verticals as part of a restructuring exercise, sources told Inc42.

The Delhi NCR-based startup is either shutting or scaling down its non-core verticals. As part of this, it is shutting its B2B vehicle spare parts platform ‘Inspare’, which will result in 80 employees losing their jobs, the sources said.

The startup has informed employees of catalogue, procurement, sales, operations, and other…



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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