Khatabook Layoffs

About

Khatabook, a Peak XV-backed bookkeeping and lending platform, laid off over 40 employees in early September 2023 as part of a restructuring effort to cut costs and extend its financial runway. The company confirmed that 42 staff members, representing 6% of its 700-strong workforce across sales, marketing, analytics, and technology departments, were affected. This move aligns with Khatabook's focus on profitability and streamlining operations toward its core business areas, following earlier steps like shutting down its MyStore e-commerce product in 2021. The impacted employees received severance packages including three months' salary.

Source

More Finance Layoffs