Micro-blogging platform Koo laid off nearly 40 employees from its operations and backend team amid a funding crunch.
According to one of the sources, the laid-off employees were mostly from Delhi and other northern Indian offices. According to the sources, the layoffs occurred over the last month as a result of a large number of people leaving the social media startup. In response to Inc42’s inquiry, a Koo spokesperson stated that the startup’s workforce has been streamlined to ensure alignment with current business requirements. However, the Bengaluru-based startup did not reveal how many employees were let go.
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Micro-blogging platform Koo laid off nearly 40 employees from its operations and backend team amid a funding crunch.
According to one of the sources, the laid-off employees were mostly from Delhi and other northern Indian offices. According to the sources, the layoffs occurred over the last month as a result of a large number of people leaving the social media startup. In response to Inc42’s inquiry, a Koo spokesperson stated that the startup’s workforce has been streamlined to ensure alignment with current business requirements. However, the Bengaluru-based startup did not reveal how many employees were let go.
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.
