Tag: corporate lay off

Bengaluru-based logistics startup Porter has initiated an organisational restructuring exercise impacting around 300–350 roles, as part of its plan to streamline operations and strengthen financial efficiency. The move comes as the company prepares for its next growth phase, focusing on building a leaner and more sustainable business model amid growing anticipation of a future public listing.

The restructuring aligns with Porter’s strategy to consolidate resources and ensure long-term profitability following a strong financial performance in FY25. The company recently turned profitable, reporting Rs 4,306 crore in operating revenue and Rs 55 crore in net profit. Porter said the restructuring is a one-time measure intended to improve organisational agility and operational focus.

Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter operates an on-demand logistics and intra-city delivery platform that serves individuals and businesses across trucking, courier, packing and moving, and enterprise logistics segments. Its tech-enabled platform connects users with verified transport and delivery partners to reduce inefficiencies in urban logistics.

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Porter has raised over $300 million to date. In May 2025, it secured $200 million in a funding round led by Kedaara Capital and Wellington Management, valuing the company at $1.2 billion.

Industry sources suggest that Porter is in advanced talks to raise an additional $100–110 million from existing and new investors as part of an extended funding round.

The restructuring comes at a time when India’s logistics and delivery ecosystem is witnessing consolidation and increasing digital adoption. Notably, fellow logistics firm Shiprocket recently received approval from SEBI for its upcoming IPO, reflecting the growing maturity and investor confidence in India’s logistics sector.

Amazon has begun its largest workforce reduction since the pandemic, cutting about 14,000 corporate roles as part of its restructuring and focus on artificial intelligence investments. The layoffs impact nearly 4% of Amazon’s 350,000 corporate employees.

The affected staff were notified through an internal email sent by Beth Galetti, Senior Vice President of People Experience & Technology. Some employees also received text messages asking them to check their email or contact HR.

In her email, Galetti wrote to employees, “I have some important, but difficult, news to share with you. After a thorough review of our organization, our priorities, and what we need to focus on going forward, we’ve made the hard business decision to eliminate some roles across Amazon. Unfortunately, your role is being eliminated and your employment will end after a non-working period.”

She added, “We didn’t make these decisions lightly, and we’re committed to supporting you throughout this transition, which will include a non-working period with full pay and benefits, an offer of a severance package, transitional benefits, and access to skills trainings and external job placement support.”

The email also informed employees that their badge access had been restricted, and those present in the office would need to be escorted out by security. During the transition, employees will retain email and internal communication access for 90 days through Amazon’s A to Z portal.

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The layoffs come despite Amazon reporting $18 billion in profits last quarter and announcing plans to spend over $120 billion in capital expenditure for 2025, a 50% increase from last year.

CEO Andy Jassy had earlier indicated in a June town hall that efficiency through AI automation would reduce the need for certain corporate roles.

This is Amazon’s largest workforce reduction since the 27,000 layoffs between 2022 and 2023. Reports suggest another round may follow in early 2026, potentially bringing total job cuts to around 30,000.

Quick commerce unicorn Zepto has initiated a large-scale automation and restructuring drive, leading to the exit of over 500 employees both on-roll and off-roll over the past six months. The move is part of the company’s effort to improve cost efficiency and streamline operations as it prepares for the next phase of growth.

The restructuring comes at a time when Zepto is doubling down on process automation to strengthen its financial and operational backbone. Fresh off a $450 million funding round led by the California Public Employees’ Retirement System (CalPERS), valuing the company at $7 billion, Zepto is now focused on scaling sustainably in India’s fast-growing quick commerce market.

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, both Stanford dropouts, Zepto started with a bold mission to redefine urban convenience with ultra-fast grocery delivery. What began as a 10-minute delivery experiment soon became one of India’s fastest-growing consumer-tech stories.

The company is now building in-house software to automate key functions such as invoice processing, inventory replenishment, and real estate management. While most job cuts affected contractual roles, some on-roll employees in operations, customer support, and expansion teams were also impacted.

The restructuring follows challenges in Zepto’s food delivery vertical, Zepto Café, which recently shut down about 45–50 outlets due to supply chain and staffing issues. The segment’s order volumes have dropped temporarily, signaling a pause in its aggressive expansion plans.

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Despite the short-term slowdown, Zepto’s leadership remains upbeat. Cofounder Aadit Palicha recently mentioned that the company holds nearly $900 million in net cash reserves, giving it the financial strength to continue investing in technology and innovation.

As competition heats up with Blinkit, Swiggy Instamart, and Flipkart Minutes, Zepto’s automation-first approach reflects its intent to build a leaner, smarter, and more resilient business model balancing high-speed growth with operational discipline.

Bengaluru-based gaming company Gameskraft has laid off around 120 employees across operations, technology, marketing, finance, and customer support as part of a restructuring exercise. The move comes in the wake of the Promotion and Regulation of Online Gaming Act, 2025, which bans all real-money games in India.

The company, best known for platforms like Rummyculture and Pocket52, was forced to shut down these offerings after the law came into effect. Founder Prithvi Singh called the decision “painful but unavoidable,” stressing that the layoffs were driven entirely by external factors and not employee performance.

Founded in 2017, Gameskraft grew into one of India’s fastest-growing real-money gaming firms, riding on the popularity of skill-based platforms. Over the years, it became a leading player in the sector until the recent regulatory changes reshaped the industry’s future.

To ease the impact, Gameskraft has promised severance packages, leave encashment, and extended health insurance until March 2026, with an option for employees to convert policies into individual plans.

The layoffs come at a turbulent time for Gameskraft, which is also grappling with a fraud case involving former CFO Ramesh Prabhu, accused of siphoning off ₹270 crore over five years. The company reported a 25% drop in net profit to ₹706 crore in FY25, despite revenues rising 12% to ₹3,896 crore.

Gameskraft joins a growing list of gaming firms hit hard by the ban. A23 Rummy cut 500 jobs, Zupee axed 170 roles, MPL is shrinking up to 60% of its staff, and Baazi Games has reduced headcount by 200. Games24x7 is reportedly laying off 70% of its workforce.

Industry experts estimate that nearly 2,000 jobs have been lost in the online gaming sector since the ban. While investor sentiment has cooled, some believe the crisis could eventually drive a healthier ecosystem focused on casual, skill-based, and international gaming opportunities.

Ola Electric Mobility, backed by SoftBank Group Corporation, is reportedly laying off more than 1,000 employees and contract workers in its second round of job cuts within five months.

The move comes as the company grapples with mounting losses and intensifies its cost-cutting efforts.

According to reports, the latest layoffs are taking place across multiple departments, including procurement, fulfillment, customer relations, and charging infrastructure.

The company is also automating parts of its customer relations operations, which has resulted in the elimination of several front-end roles.

 Additionally, Ola Electric is letting go of showroom, service center, and warehouse staff as part of a revised logistics and delivery strategy.

In November 2024, Ola Electric had laid off around 500 employees in a similar cost-cutting measure.

The current layoffs account for over 25% of the company’s total workforce, which stood at approximately 4,000 at the end of March 2024.

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Contract workers, who are not included in the company’s public workforce disclosures, are also affected by the downsizing.

Ola Electric, which went public in August 2024, has faced a series of challenges, including increased losses and regulatory scrutiny.

The company reported a 50% rise in losses for the December quarter (Q3). Additionally, shares of Ola Electric have plummeted more than 60% from their peak following its IPO debut.

Despite the financial setbacks, Ola Electric reported selling over 25,000 units of its electric scooters in February 2025, securing a 28% market share.

However, data from the government’s VAHAN portal indicated that only one out of three Ola Electric scooters sold last month was officially registered.

The company has attributed the dip in vehicle registrations to ongoing renegotiations with two key vendors aimed at reducing costs and enhancing operational efficiencies.

A spokesperson for Ola Electric confirmed the restructuring efforts, stating,

“We have restructured and automated our front-end operations, delivering improved margins, reduced costs, and enhanced customer experience while eliminating redundant roles for better productivity.”

However, the company has not officially disclosed the exact number of employees impacted in this round of layoffs.