E-commerce firm Meesho has laid off 251 employees constituting 15% of its workforce to cut costs and as part of its efforts to achieve profitability, a top company official said on Friday.
In an email to employees, Meesho Founder and CEO Vidit Aatrey informed that all sacked staffers will get one-month extra severance pay beyond the notice period as well as ESOPs irrespective of the period they have been with the company.
“We are reducing the size of the Meesho workforce by 15% affecting 251 employees,” the email read as quoted by news agency PTI.
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