Livspace layoffs: Livspace, an omnichannel platform for home interior design and remodelling, has layoffs around 2% of its total personnel in an effort to become profitable by the fiscal year that ends in March 2024.
ET stated that 45% of its technology and product teams have been retrenched. 36 people from a team of 80, including software engineers and directors, have been asked to leave the company, these sources said.
The impacted employees will receive their severance payments, according to numerous media reports.
The second round of layoffs by Livspace was this one. Previous to this, it let go of approximately 450 employees during the initial Covid-19 outbreak.
