Accelerators & Incubators
Policy & Regulation
India's Swiggy Fires 350 Employees, Says Business Is Still Down 50 Percent
Swiggy further said the exit package for laid off employees includes a minimum of 3 months to 8 months of salary based on tenure.
Indonesian E-Commerce Platform Sorabel to Shut Down by End-July
Sorabel explained that it did its best to save the business, but had had to go through liquidation.
gojek to Let Go of 430 Employees as It Shutters GoLife, GoFood Festivals
GoLife and GoFood Festival have seen a significant downturn over the past few months as the COVID-19 pandemic has affected consumer habits.
SoftBank-backed Oyo lays off over 350 people in the US
In the last week of January, Oyo laid off around 360 US employees in a bid to take a more balanced approach to growth
SoftBank-backed Ola targets IPO process by March-end 2021, cut staff by up to 5% - sources
“We are working for IPO-readiness and hope to formally start the process by the end of fiscal 2021,” said a senior Ola executive aware of the developments.
MoBike: Weiwei Hu Resigned as CEO, with rumor said an overall layoff will start
Weiwei Hu Resigned as MoBike CEO, rumors said MoBike will start a 20% to 30% layoff.
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