ConsumerIN

Livspace Layoffs

May 2020

Livspace announced a layoff affecting 450 employees (15% of its workforce) in May 2020. The company operates in the Consumer sector.

People Affected

450

Percentage

15%

Announced Date

May 19, 2020

About

Livspace, a home interior and renovation platform, laid off approximately 100 employees, which represents about 2% of its workforce. The decision, made in early 2024, is part of a restructuring effort to improve profitability and operational efficiency amid a broader market correction in the tech and startup sector. Operating in the proptech and home services industry, the company aims to streamline its operations to achieve sustainable growth.