Spinny, a Tiger Global-backed used car marketplace, has laid off approximately 300 employees as part of a business restructuring. This reduction affects about 5% of its workforce, which totals around 6,000 to 6,200 employees. The layoffs, announced in early August 2023, are connected to the company's strategic move to merge its Truebil and Spinny Max operations under the main Spinny brand. This reorganization aims to streamline operations in the competitive automotive e-commerce industry.
