RetailIN

Omuni Layoffs

August 2023

Omuni announced a layoff affecting 60 employees (35% of its workforce) in August 2023. The company operates in the Retail sector.

People Affected

Percentage

35%

Announced Date

Aug 30, 2023

About

Shiprocket-owned retail SaaS platform Omuni laid off approximately 60-70 employees, representing nearly 35% of its workforce, in a restructuring exercise during the second week of August. The layoffs affected teams across tech, product, sales, and talent acquisition. Concurrently, Omuni's CEO and cofounder Mukul Bafna and CTO Sumeet Chandhok are exiting the company, with leadership transitioning to Vivek Kalra of Glaucus. Shiprocket, which acquired Omuni in July 2023 for INR 200 crore, stated the move is part of organizational consolidation to integrate teams and enhance synergies across its ecommerce enablement platform. The affected employees are receiving two months' salary as severance.