Google and Reliance backed Dunzo Announces major layoffs

Описание: Dunzo, a last-minute grocery and essentials delivery company, has reportedly announced a fresh round of layoffs impacting 30% of its workforce, specifically engineering roles including software engineers, architects, and directors. The layoffs were announced in an organization-wide call followed by a town hall for Q&A. The downsizing is aimed at cutting costs and streamlining operations, and comes after a previous round of layoffs in January 2023. Dunzo's losses in FY 2022 stood at Rs 464 crore, with expenses driven by increased advertising promotional expenses. The company is backed by Google and Reliance, with Google holding a 20% stake and Reliance owning 25.8% share.
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