BlackBuck Layoffs
April 2020
BlackBuck announced a layoff affecting 200 employees in April 2020. The company operates in the Logistics sector.
200
Apr 17, 2020
About
Indian logistics startup BlackBuck is laying off between 200 to 250 employees, primarily from its customer experience and operations teams, as a direct result of the severe disruption caused by the nationwide COVID-19 lockdown in early 2020. The lockdown drastically reduced the movement of goods across the country, crippling operations for logistics firms. The layoffs, confirmed in April 2020, represent a significant workforce reduction for the startup, which had raised over $200 million from prominent investors and served major clients like Asian Paints and Hindustan Unilever. The company was reportedly attempting to help place the affected employees in other organizations.
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