#StartupsVsCovid19: Indian Startup Layoffs, Pay Cut Tracker

Inc42 has compiled and verified the data of the pay cuts, layoffs and furloughs happening in the ecosystem directly from companies or our sources. Fashion ecommerce platform Limeroad has undergone company-wide pay cuts and resorted to furloughs, Inc42 has learned. Vakilsearch, the online legal platform for tax, startup registrations and compliance, has laid-off some employees from its sales team, Inc42 has learned from sources. Mobile marketing platform CleverTap has laid off around 60 employees, Inc42 has learned from sources close to the company. The company said it is offering enhanced severance benefits as well as outplacement services to these employees. BulBul CEO Sachin Bhatia confirmed pay cuts to us but denied any layoffs. Logistics tech unicorn BlackBuck is said to be laying off around 200 employees as the transport sector faces massive disruption due to the lockdown. Albinder Dhindsa, cofounder of Grofers, said that Orange Something had “stopped” operations and about 35 employees from that segment were moved to other functions in the company. Dhindsa claimed that the rest of the employees are on payroll with the reduced salary, but will get health benefits. The company said it has implemented salary reduction with the management team taking the greatest hit between 50%-100%.