WayCool joins startup layoffs spree, fires 300 employees to chase profitability


Content Team
Image Credit: shortpedia

Agritech startup WayCool has become the latest Indian startup to have laid off employees amid an ongoing funding winter, having reportedly fired 300 employees in a restructuring exercise. According to sources cited by TOI, the startup, which has raised more than $350 Mn in funding, has conducted the restructuring to chase profitability. WayCool is said to have around 2,500 employees.