RetailIN

UpScalio Layoffs

January 2023

UpScalio announced a layoff affecting 25 employees (15% of its workforce) in January 2023. The company operates in the Retail sector.

People Affected

Percentage

15%

Announced Date

Jan 5, 2023

About

UpScalio, an Indian e-commerce roll-up company, has laid off approximately 20% of its workforce, affecting around 60 employees. The layoffs, which occurred in early 2024, are part of a strategic restructuring aimed at improving profitability and operational efficiency. As a startup in the competitive e-commerce aggregation space, UpScalio is adjusting its team size to better align with current market conditions and business priorities.