Meesho Layoffs
August 2022
Meesho announced a layoff affecting 300 employees in August 2022. The company operates in the Retail sector.
300
Aug 29, 2022
About
Social commerce platform Meesho laid off approximately 300 employees in late August 2022 as it wound down its grocery business, 'Superstore,' in over 90% of its operational cities. This decision was driven by low revenue and high cash burn in the grocery segment. The layoffs followed earlier workforce reductions of about 150 in April 2022 and 200 in April 2020, as the company, which serves millions of users and small businesses, refocused on its core marketplace. The affected employees reportedly received a severance package of two months' salary.
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