Layoffs Update: The report also said that the Bengaluru-based company will also oust its senior management team, including CEO and co-founder Mukul Bafna and CTO Sumeet Chandhok.
Omuni Layoffs: ShipRocket-owned retail SaaS (software-as-a-service) platform Omuni laid off about 35 percent of its workforce or about 60-70 employees as part of a restructuring process earlier this month. This information has been given in a media report. The job cuts affected employees in technical, product and sales teams. The report also states that the Bengaluru-based company will also exit the senior management team including CEO and co-founder Mukul Bafna and CTO Sumeet Chandhok.
Working on full stack e-commerce platform
A ShipRocket spokesperson was quoted as saying, “At ShipRocket, we are building a full-stack e-commerce enabled platform and are always looking to create a bigger business impact for our merchants through partnerships, mergers and acquisitions.” Keep looking for opportunities.
Fired employees will get 2 months salary
It stated that, “As we seek synergies with acquisitions, including Omuni, this often results in integration of workforce at an organization-wide level and we have integrated certain teams across various group companies. As a company, We remain committed to our stand.The affected employees will get two months’ salary.
The company was formed in 2014
Omuni, founded in 2014, is an all-in-one retail platform for brands and retailers. Shiprocket had bought Omuni from Arvind Internet Pvt Ltd for Rs 200 crore in a stock and cash deal in July last year. Meanwhile, domestic healthtech startup Kenko Health has laid off 20 percent of its employees. Quoting sources, Intracker said that the company has fired at least 50-60 employees, although this number could be higher.
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