WayCool Layoffs

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Agritech startup WayCool, based in Chennai, has laid off over 200 employees in its third round of job cuts within a year, as reported on July 26, 2024. This restructuring effort, affecting staff across multiple cities and subsidiaries, aims to streamline operations and achieve profitability amid a severe funding crunch. The company, backed by Lightbox, has faced worsening financial difficulties, including delayed salaries and client payments. Following previous layoffs of over 300 in July 2023 and 70 in February 2024, this move highlights ongoing challenges in the competitive agritech sector as the startup struggles to secure capital and manage losses.

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