Udaan Layoffs

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Indian B2B ecommerce unicorn Udaan has laid off 350 full-time employees in its second major workforce reduction this year, following 180 layoffs in June. This move is part of the company's ongoing drive to achieve profitability and enhance operational efficiency. A company spokesperson cited an evolution in its business model and an efficiency enhancement drive as creating redundancies, making some roles no longer necessary. While the official figure is 350, some reports suggest the total number affected could be higher. Headquartered in Bengaluru, Udaan, which connects SMEs, wholesalers, and retailers, has been actively raising funds through debt and convertible notes while focusing on improving its unit economics and cost structures.

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