Livspace Layoffs: Home interior and renovation platform Livspace has laid off at least 100 employees. According to a report by leading startups coverage portal Inc42, layoffs have affected 2 per cent of Livspace’s workforce, affecting product, engineering, content and marketing teams. The company said in a statement that ‘we will redeploy resources in the normal course of our operations’.
450 employees were fired even during the Kovid epidemic
Livspace laid off 450 employees during the first wave of the Covid pandemic. In October last year, the company had set aside $100 million to invest and incubate new offerings and brands in the direct-to-consumer (D2C) market in the home interiors and renovation segment.
Livspace has operations in over 45 cities
The Singapore-based Livspace said it aims to create a range of home interior and renovation solutions and D2C offerings that serve homeowners across diverse segments in its markets across India, South East Asia and the Middle East region. Livspace currently has operations in over 45 cities across South East Asia, India and the Middle East region.
what to say about management
Anuj Srivastava, CEO and Co-Founder, Livspace, said, “As we continue to expand into new territories within existing geographies and enter new regional markets, we are looking for successful businesses and like-minded entrepreneurs Which helps us to move forward even faster.”
News of layoffs in Disney too
Recently, there have been reports of entertainment sector giant Disney (Disney Layoffs) planning to retrench employees on a large scale. According to the report of Business Insider, Disney is planning to lay off 4,000 employees by the month of April. The managers of the company have been asked to prepare a list of employees to be retrenched.
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