People, who lost their jobs in the exercise, have been given standard severance packages, including three-months salary, among others, the report said, citing people aware of the matter.
Homegrown digital lending platform Khatabook, which has investors like top cricketer MS Dhoni and CRED s Kunal Shah, among many others, has reportedly laid off over 40 employees across departments to cut costs and streamline its operations.
An employee who was working as Backend SDE, who was impacted by the latest round of layoffs, said: “Tech as well as non-tech roles were impacted, [along with] engineering, product, marketing, etc.”
Fintech startup Khatabook, which counts Peak XV, Tencent and Alkeon Capital among its backers, has joined the long list of Indian startups to have laid ..