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Urban Ladder Fires 40% Of Its Workforce Following A Funds Crunch
Even established and well-funded startups in India aren’t completely safe from large-scale layoffs. Urban Ladder has laid off 40 percent of its workforce in the Jan-March quarter. The lay offs are a result of the company being unable to raise further funding, and the management said that they were necessary if the company were to stay afloat. “We had no other option. We would have shut down if we hadn’t asked them to leave,” said Ashish Goel,...