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Covid-19 crisis: Consumer internet start-ups brace for salary cuts, layoffs

Companies taking extreme steps to continue to stay afloat amid Covid-19 crisis

start-ups in India | tech start-ups | layoff

Neha Alawadhi Peerzada Abrar & Samreen Ahmad  |  New Delhi & Bengaluru 

start-ups, start ups, jobs, salary, company, management, employee
At Bounce, the Sequoia-backed scooter sharing start-up, co-founders Vivekananda Hallekere, Varun Agni and Anil Giriraj are taking a 100 per cent pay cut.

Consumer internet are bracing for measures like salary cuts and layoffs to mitigate the impact of losses after the nationwide lockdown to contain the spread of Covid-19. For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions, according to multiple sources.



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First Published: Wed, April 01 2020. 21:23 IST