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Livspace lays off 15% of its workforce to conserve capital



Livspace lays off 15% of its workforce to conserve capital

Online home decor startup Livspace has laid off 15% of its workforce or around 450 employees as the company’s business has been hampered by the ongoing COVID-19 lockdown.

Livspace’s experience centers and last-mile operations were severely impacted due to the restrictions imposed forcing the company to announce layoffs, said an ET report. 

However, the impacted employees will receive one month’s salary along with extra pay of one-four weeks for those who have been part of the startup for more than three years, proportional to the duration of their services, the report added.

Continue reading Livspace lays off 15% of its workforce to conserve capital at Entrackr.



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Written by Aarzoo Mittal

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