Zomato-backed CureFit Slashes 120 Jobs In Restructuring Exercise

Zomato-backed CureFit Slashes 120 Jobs In Restructuring Train

New Delhi: Zomato-backed health startup CureFit slashed 120 jobs earlier this week in a restructuring train, a media report mentioned on Tuesday. The most recent job cuts impacted employees throughout the corporate’s manufacturers like Sugar.match, Carefit, and Cultfit, amongst others, experiences Inc42.

“As a part of our common annual working planning course of, we have now decreased some redundant positions with the intention of streamlining operations,” the corporate was quoted as saying.

“That is aimed toward bettering productiveness and setting us up for full profitability in FY25. We now have finished this with considerate consideration and with the curiosity of making long-term worth for our stakeholders,” it added.

Earlier in 2020, the health startup laid off round 800 staff. CureFit, which was based in 2016 by Ankit Nagori and Mukesh Bansal, operates the first care vertical Care.match, the psychological well being platform Mindfit, and the bodily health platform Cultfit, amongst others. Nagori, nonetheless, subsequently departed the corporate to give attention to his new enterprise, Curefoods, a D2C cloud kitchen aggregator.

In the meantime, Softbank-backed cell promoting big InMobi is planning to put off 125 staff from its world workforce of two,500 in its second spherical of job cuts. In accordance with a CNBC-TV18 report, the transfer will impression roughly 5 % of the entire headcount.

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