WayCool Layoffs

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WayCool, an agritech startup based in Chennai, has laid off at least 70 employees over the past month in its second restructuring exercise within a year. This follows a previous round of about 300 layoffs in July last year. The job cuts, impacting departments like sales, research, marketing, and tech, are part of a strategy to rationalize warehouse operations and shift focus toward its own brands. The company, which has faced challenges in raising new funding over the last two years, aims to achieve EBITDA profitability by reducing its operational footprint.

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