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Cars24 lays off 600 employees, latest in a string of Indian startups to do so

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Technology, Business Services

Technology and Business Services

Cars24 lays off 600 employees, latest in a string of indian startups to do so

19 May 2022

1 min read
SoftBank– and Alpha Wave Global-backed used car marketplace Cars24 has laid off nearly 600 employees, joining a host of growth- and late-stage startups that have recently let go of employees to conserve cash as fundings slow down amid volatile global markets.

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Cars24 lays off 600 employees, latest in a string of Indian startups to do so | PraxisGA