06
May
E-commerce firm Meesho lost nearly 15% of its employees on Friday, citing an organizational restructuring as the company remains profitable in a declining startup funding environment.Meesho said layoffs affected 251 employees although affected employees will be given a separation package that includes 2.5 to 9 months of one-time separation payments, continued insurance benefits, job recruitment support and accelerated assignment of ESOPs.This is the third time of layoff at a Bengaluru-based startup. In August last year, the e-commerce firm laid off 300 employees after closing its grocery business Farmiso and merging it into Meesho's core app. In an email to employees…
