in

Curefit announces pay cuts, downsizes staff as its shuts operations in UAE and small town India



Curefit announces pay cuts, downsizes staff as its shuts operations in UAE and small town India

Health and fitness startup Curefit has announced cost cutting measures as offline-heavy businesses such as gyms and fitness centres have taken a huge hit during the current pandemic. 

Curefit has said that its founders Mukesh Bansal and Ankit Nagori will forego their salaries entirely, while the management team will take a 50% pay cut followed by the rest of the staff — depending on seniority — will take a reduction of 20-30%.   

The company has also shut down its operations in the UAE and small towns in India to further trim its costs.

Continue reading Curefit announces pay cuts, downsizes staff as its shuts operations in UAE and small town India at Entrackr.



Source link

What do you think?

Written by Team Entrackr

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Comments

0 comments

Down the tubes: How Israel’s poop may prevent second coronavirus wave

Edtech startup Unacademy sees significant spike in revenue, users in April 2020 amid coronavirus lockdown