Ninjacart, a Walmart-backed agritech startup, has laid off over 200 employees across key cities like Bengaluru, Chennai, Mumbai, and Hyderabad. The layoffs, which began in November 2020, affected staff across ground operations, middle, and senior management. While the company attributes the terminations to performance and integrity issues, including theft and failure to meet KPIs, former employees allege the move is part of a cost-saving drive, citing unethical HR practices such as shortened notice periods. CEO Thirukumaran Nagarajan denies cost-cutting measures, stating the actions align with contractual terms for addressing performance and integrity concerns.
