Shuttl, an Indian travel tech startup, has laid off 40 employees across various teams, including its on-ground operations staff, as the COVID-19 pandemic severely disrupts the travel industry. The layoffs occurred in late March or early April 2020, with the company directing some employees to resign and terminating others. Those who resigned were offered one month's pay, while terminated employees faced delays in receiving their full and final settlements. This move reflects broader industry pressures, with many VC-funded startups resorting to workforce reductions to conserve cash and extend their operational runway during the economic downturn.
