Dunzo, backed by Reliance Retail, cuts 75% workforce in cost reduction amid financial struggles.
Dunzo, the Bengaluru-based delivery app backed by Reliance Retail, has cut 75% of its workforce, now employing only 50 in its core teams. This move aims to reduce costs amid financial struggles, including overdue salaries and vendor payments. After an unsuccessful funding attempt of $22-25 million, the company is seeking to diversify its revenue streams. Dunzo has committed to settling pending salaries and dues once it secures necessary funds.
September 02, 2024
6 Articles