Lendingkart lays off 30% of its workforce
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Digital lending platform Lendingkart has laid off 30% of its workforce or 200 employees as the company has been going through a tough time due to the COVID-19 lockdown. Lendingkart provides collateral-free working capital loans ranging from Rs 1 lakh to Rs 40 lakh to small businesses and MSMEs, who have taken a big hit during the current uncertain time. As per the company, these layoffs were also a part of its annual appraisal cycle.