In February 2024, omnichannel meat brand Licious laid off 80 employees, representing about 3% of its 3,000-strong workforce, as part of an operational reset to sharpen its focus on growth and profitability. The Bengaluru-based unicorn startup, operating in the meat retail industry, stated it has over ₹800 crore in cash from previous fundraising rounds. Despite revenue growth from ₹682.5 crore in FY22 to ₹748 crore in FY23, losses widened, prompting a reprioritization of costs. The company, which aims for EBITDA profitability by FY25, offered the affected employees two months of compensation plus a variable payout for FY24, while planning renewed market expansion.
