Layoff Tsunami: Dunzo delays salaries; CEO warns of layoffs

Last updated on September 26th, 2023 at 07:01 am

Dunzo, an Indian startup, has been delaying salaries of its employees. Dunzo co-founder and chief executive officer (CEO), Kabeer Biswas, has also warned of another round of layoffs. Many employees will also have to vacate their office places. 

What happened between Dunzo CEO and Dunzo employees? Who all are at risk? Will the workers receive their salaries? What workers can expect?

Employees are not receiving their salaries

Dunzo employees have not received their salaries for the months of June, July, and August. Dunzo co-founder and chief executive officer said that the employees would receive their salaries by November. 

Kabeer Biswas also held an internal meeting with employees on Friday (September 15). He discussed the company’s situation with them. During the meeting, the CEO told the employees that their salaries for the month of September would be credited by October. However, he told them to wait till November to receive their salaries for the months of June, July, and August. 

Keep Reading

Dunzo layoffs

Dunzo will layoff employees in the coming weeks. During the meeting on Friday, the Dunzo CEO warned employees of another round of layoffs if the company fails to manage its cash flow situation. 

Dunzo has also been delaying salaries because of the worsening cash flow situation. The Reliance Retail-backed Indian startup will also vacate its current headquarters in Bengaluru in cost cutting efforts. 

A senior employee told Moneycontrol, “We were told that Dunzo was looking to give up its office space 2-3 months back because there were hardly any people working from the office.”

What employees can expect?

According to Dunzo employees, the company may ask employees to work from home (WFH) in order to find solutions for its worsening cash flow situation. 

Previously, in a cost-cutting measure, Dunzo laid off employees in three rounds of layoffs. Gripped by a funding crisis, employees must be ready for another round of layoffs because the company has other payments to make. 

About Right Sider

Right sider is a passionate writer who has traveled extensively around the world, learning about the history of all the regions and walking the paths of his characters.

Right Sider

Right sider is a passionate writer who has traveled extensively around the world, learning about the history of all the regions and walking the paths of his characters.

Recent Posts

VA Extends Research Grants by 90 Days Over Trump Administration Cuts

The Department of Veterans Affairs extended research assistance for 90 days to temporary researchers whose medical studies suffered from government…

March 17, 2025

Meta Employee Fired Just Before Bonus Payout for reason here why

Meta employee states he was sacked just a day before receiving performance bonuses for sharing a public company update with…

March 17, 2025

Trump’s Administration Continues Deportations of Venezuelan Migrants Against Court Order

This is an action by the administration of the new President Donald Trump whereby it deported over 250 Venezuelan migrants…

March 17, 2025

Citigroup Cuts IT Contractor Workforce by 30% in Strategic Shift

Citigroup plans to cut 30% of its IT contract workers to improve internal security and business performance. The company currently…

March 17, 2025

India, ILO Discuss Fair Wages, Gig Workers’ Welfare in Geneva

India joined talks at International Labour Organisation offices in Geneva to explore worker rights such as proper compensation and basic…

March 15, 2025

Court Rules Against Trump-Era Firings: Tens of Thousands of Workers to Be Reinstated

In a significant legal blow against the Trump administration, federal court judges in California and Maryland have commended the reinstatement…

March 15, 2025

This website uses cookies.

Read More