Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Layoff»In fresh round of job cuts, Meesho lays off 251 employees
    Layoff

    In fresh round of job cuts, Meesho lays off 251 employees

    HRK News BureauBy HRK News BureauMay 5, 20232 Mins Read3807 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    On May 5, 2023, Meesho, an e-commerce startup, made the announcement that it had laid off 251 employees in a fresh round of job cuts. This is the second time the company has had to let go of employees, with about 150 being laid off the previous year. These job cuts come at a time when many startups are struggling to raise funds. This difficult period has been dubbed the ‘funding winter’. In order to survive this period, many startups are cutting costs, including jobs.

    Meesho stated that it had made a difficult decision to let go of 15 percent of its employee base, which consists of 251 Meeshoites, to work with a leaner organisational structure and achieve sustained profitability.

    Even though it was a difficult decision to let go of 251 employees, Meesho has pledged to extend its full support to all those affected by offering them a separation package that comprises a one-time severance payment ranging from 2.5 to 9 months, contingent upon their tenure and job designation, as well as continued insurance benefits, assistance in job placement, and expedited vesting of employee stock ownership plans (ESOPs).

    In a report released last week, Meesho revealed that it had driven a gross merchandise volume (GMV) of $4.5 billion in 2022, a nine-fold growth over the previous year. The report also stated that the company had been resolutely cutting costs and reducing its expenses.

    Cost Cutting Layoff Meesho
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    4 × 3 =

    Related Posts

    Centre to revamp 1,000 ITIs to boost youth skilling

    July 16, 2025

    Nissan to shut down historic Oppama plant by 2028

    July 16, 2025

    AP government employees raise concerns over ineffective health scheme

    July 16, 2025

    Pidilite Industries partners with 600+ ITIs to skill Indian youth

    July 16, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How Castrol India is retraining its workforce for the electric age

    July 16, 2025

    Mahindra Holidays turns to local communities for talent as India’s hospitality schools empty out

    July 15, 2025

    Why ‘Centres of Excellence’ can hollow out the very culture they’re meant to strengthen

    July 14, 2025

    How a thumbs-up became a generational minefield

    July 11, 2025
    Latest Post

    Dipty Jalan returns to Usha International, as CHRO

    Movement July 16, 2025

    Dipty Jalan has returned to Usha International as chief human resources officer (SVP HR). After…

    Centre to revamp 1,000 ITIs to boost youth skilling

    News July 16, 2025

    In a major move to transform India’s vocational training ecosystem, the Central government is set…

    Nissan to shut down historic Oppama plant by 2028

    News July 16, 2025

    Nissan Motor Co. has confirmed plans to permanently close its iconic Oppama plant in Kanagawa…

    AP government employees raise concerns over ineffective health scheme

    News July 16, 2025

    Andhra Pradesh’s Employees’ Health Scheme (EHS), introduced in 2013 to provide cashless, quality medical care,…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.