Roehl Niño Bautista · · 1 min readIndian ecommerce firm CityMall sheds 191 jobs
CityMall, a social commerce platform based in India, is laying off 191 employees – about 15% of its workforce – as part of “structural changes across functions” in the company.
Citymall co-founders Naisheel Verdhan (left) and Angad Kikla/ Photo credit: Citymall
“After exploring multiple options, we’ve realized that there’re certain roles within the company which had to be dissolved to align to our evolving business model and the current business environment,” said the company in a LinkedIn post.
The announcement comes a year after CityMall raised US$22.5 million in series B funding meant for headcount expansion, technology investments, and logistics network development.
CityMall said it will provide outplacement assistance to laid-off employees. It has already invited interested parties to send in database requests.
“We have built a highly capable team at CityMall, and we’d be happy to share details of affected employees with companies that are hiring,” the company wrote.
See also: TreeDots to shut down group-buying service this month
According to Tech in Asia data, India has seen around 14,000 disclosed layoffs so far this year, with as many as 6,380 workers sacked in March alone.
Track all the layoffs across Asia here and help us maintain this list by filling this form with any information on job cuts and affected employees.
Editing by Miguel Cordon and Eileen C. Ang
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