Virgio lets go of 33% of workforce

The company laid off 20 employees, primarily in senior positions, as part of its transition from fast fashion to sustainable clothing.


Virgio, a fashion company founded by Amar Nagaram, former CEO, Myntra, recently underwent a restructuring exercise, which led to 20 employees, constituting 33 per cent of its workforce, being laid off.

Senior positions were most affected by Virgio’s cost cutting. This downsizing decision follows the report of Virgio’s shift from being a fast fashion brand to one focused on sustainable clothing.

The company acknowledged that it had made some wrong hiring decisions and aimed to rectify them promptly. The impacted employees were being let go not because they lacked talent but rather because they didn’t align with the current phase of the company’s development.

In addition to the layoffs, the company has restructured its leadership team and is actively recruiting to fill vacant positions.

Prachi Sharma, with experience of working at Calvin Klein and Tommy Hilfiger, now leads sourcing and design at Virgio. Hansa Nigam, formerly in charge of marketing at OnePlus Nord, India, heads Virgio’s marketing. Suyash Motarwar, who was previously with Flipkart and PharmEasy, leads Virgio’s tech division. Ashish Ranka, who was associated with Flipkart and CoinSwitch, is the new head of product.

Virgio aims to build a younger, more agile team. The company recently secured $37 million in funding from a mix of institutional and angel investors.

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