Cash-strapped quick commerce startup Dunzo formally announces fresh layoffs

economictimes.indiatimes.com:

Dunzo has formally informed its staff about fresh layoffs, which will impact around 150-200 employees, people aware of the matter said. This is the third round of layoffs at the Reliance Retail-backed firm, which is grappling with cash flow issues.

So far, Dunzo has had to fire close to 400 employees. The new layoffs are part of plans to cut costs by 30-40%.ET had reported on July 20 that new layoffs had begun at the firm and employees were being informed about the cuts.

A spokesperson for Dunzo declined to comment. The new job cuts have been announced after the Bengaluru-based firm had to postpone payment of employee salaries to September.

“For those team members who were expecting the balance pay-outs of their June salary during this week, we regret to inform you that this has been delayed. The pending salaries for June will now be paid on September 4th, 2023,” Dunzo told employees earlier this week on Wednesday.