Meesho lays off 150 workers amid superstore arm rejig

Social commerce agency Meesho has laid off 150 staff and third-party hires from its grocery arm ‘Meesho Superstore’, days after integrating that a part of its enterprise into its core platform, saying that the downsizing was “aimed at bringing in efficiencies”.

In an announcement to The Indian Express, a Meesho spokesperson mentioned, “About 150 full time employ-ees will be impacted by the restructuring of Meesho Superstore which is aimed at bringing in effi-ciencies. The company is offering severance packages and outplacement assistance to help those impacted secure new opportunities outside the company”.

In a weblog submit, the corporate — backed by Softbank and Facebook — mentioned the folks impacted within the retrenchment train included full time staff and third-party positions on six-month contracts at Meesho Superstore. These folks’s roles “were reassessed to remove redundancies with the core business”, it added.

The improvement comes days after The Indian Express reported that Meesho has fastened an inside goal of reaching profitability by the tip of this 12 months and was taking a look at methods to scale back its money burn, forward of its public itemizing within the first half of 2023.