After Unacademy, Meesho lays off 150 employees from its grocery arm
Zee News
Founded by IIT Delhi alumni Vidit Aatrey and Sanjeev Barnwal, Meesho began as a social commerce platform in December 2015. This business model often has a three-sided marketplace: supplier, reseller, and end customer.
New Delhi: Meesho, a Bengaluru-based social commerce firm, has laid off about 150 employees from its grocery arm, which was rebranded to Meesho Superstore last week after it incorporated its food vertical into the primary app.
Recently, edtech startup Unacademy had laid off 600 employees due to non-performance and role redundancy.
"As we aim to enhance efficiencies in light of the integration, a small number of full-time posts and select third-party positions on six-month contracts at Meesho Superstore were appraised to remove redundancies with the core company," the Softbank-backed e-commerce startup wrote in a blog post.
"To help people affected by the restructuring, Meesho is providing severance compensation and outplacement services to assist them in finding new jobs outside the company. The layoffs have no impact on roles at Meesho's primary marketplace business, where we continue to acquire and grow personnel," the blog post concluded.
The supermarket operation should be fully integrated by the first week of May, according to the company.
