Meesho lays off 150 employees, start-up restructures as costs surge

Startups seem to be a on sacking spree. Days after edtech firm Unacademy laid off 1000 employees, Facebook backed social commerce unicorn Meesho has laid off around 150 people primarily from its grocery division Superstore, Farmiso.

Also watch/ read | Unacademy sacks 1000 employees, mass lay-off to cut cost

Explaining the lay-offs the Delhi based firm said, “As we look to boost efficiencies in the light of the integration, a small number of full-time roles and certain third-party positions on six-month contracts at Meesho Superstore were reassessed to remove redundancies with the core business.”

Founded in 2015 by IIT-Delhi alumni Vidit Aatrey and Sanjeev Barnwal, Meesho last raised funds in September 2021, following a round in April that year as well.

In March, furniture rental startup Furlenco, Edtech company Lido, social commerce platform Trell and bookkeeping startup OkCredit also shrunk a notable chunk of their employees.