Dunzo delays payment of August salaries for some staff till end of this week
Dunzo on Monday told employees it will take a few more days to transfer salaries for the month of August to all its employees, as per an internal communication reviewed by ET.
The Reliance Retail-backed firm had promised to pay salaries for the month of August on September 4. On August 31, the firm informed its employees that pending salaries from the months of June and July, which were also slated to be paid on September 4, would be delayed further, without giving an exact date.
Elevate Your Tech Process with High-Value Skill Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Digital MarketingVisitIndian School of BusinessISB Applied Business AnalyticsVisitNorthwestern UniversityKellogg Post Graduate Certificate in Digital MarketingVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisit“Due to certain procedural requirements, we have to do this batch wise. It may take an additional day or two to facilitate this transfer for everyone… Rest assured you will receive your August 2023 salary within this week without fail. This is our top priority and we are expediting the process as much as we can,” the internal communication sent to employees today said.
Dunzo has been struggling to close essential new financing as a difference in the scope of valuation between its investors has emerged as a roadblock, ET reported on August 22. Over the last eight months, the company has fired close to 400 employees.
The Bengaluru-based firm had first delayed salary components above Rs 75,000 for the month of June, which were to be paid in July. It consequently delayed salaries for the month of July as well, assigning September 4 as the date of payment.
Dunzo is also facing legal
