Home interior and renovation unicorn Livspace, which has set a target to achieve profitability in the next 12-18 months, has laid off nearly 2% of its 5,000-strong workforce.
“In a company of our size, we will, in the normal course of our operations, redeploy resources. This is organic and a reflection of normal adjustments and/or performance management parameters. As a result, this also means that some employees will transition from the company which is about less than 2% of the entire workforce,” Livspace said in an emailed statement to DealStreetAsia.
