Future Group scales down e-commerce operations, fires employees

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Kishore Biyani-led Future Group has scaled down its e-commerce venture, Retail 3.0, and laid off 350-400 employees, four former employees aware of the development said on condition of anonymity.

Two of them said the layoffs across roles in sales, product development, marketing and ground operations were carried out in the last few months. Future Group recently shuttered many of its EasyDay stores amid little traction for its EasyDay grocery app.

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