Monday, August 15

Tag: Agritech startup DeHaat

Agritech Startup DeHaat Joins the League of Layoffs
Business, India

Agritech Startup DeHaat Joins the League of Layoffs

Agritech startup DeHaat is the latest startup to reduce its workforce by laying off employees. This comes less than a year after the company raised $115M in the largest funding round ever for an Indian agricultural technology startup. Shashank Kumar, the founder and CEO of the company, denies the allegations that the business fired five hundred employees. In a conversation with Money Control, CEO Shashank Kumar disputed the number in triple digits. "It (layoffs) was more of a corrective measure around performances and due to culture misfit but the number is definitely not in three digits," Shashank told Money Control. The organization claims it has more than 2,000 employees on its payroll. Kumar stated that the organization had recruited more than 1,200 to 1,300 workers over the ...
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