Zupee Joins Peers, Axes 170 Jobs

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SUMMARY

Zupee is laying off around 170 employees, nearly 30% of its workforce, as part of a restructuring exercise following the ban on real money gaming

The startup has rolled out a support package for the impacted staff, including providing up to six months pay for long-serving employees, extended health insurance, and access to INR 1 Cr medical support fund

The layoffs come days after Inc42 reported that Zupee is adding short video content to its offerings following the ban on its real…



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Zupee Joins Peers, Axes 170 Jobs


SUMMARY

Zupee is laying off around 170 employees, nearly 30% of its workforce, as part of a restructuring exercise following the ban on real money gaming

The startup has rolled out a support package for the impacted staff, including providing up to six months pay for long-serving employees, extended health insurance, and access to INR 1 Cr medical support fund

The layoffs come days after Inc42 reported that Zupee is adding short video content to its offerings following the ban on its real…



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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