Bizongo lays off 140 employees to cut costs

B2B startup Bizongo has laid off 140 employees to cut costs and conserve capital.Bizongo develops and procures packaging solutions for e-commerce, logistics, and FMCG, and caters to more than 350 clients and is associated with over 750 manufacturing partners across sectors.

Bizongo’s CEO Aniket Deb said, “Bizongo, unfortunately, had to undertake a workforce rationalization exercise forced by the raging COVID-19 pandemic and its after-effects resulting in a slowing economy. We tried to avoid this step for as long as we could, but we had to implement the restructuring process due to the disruption to the economy.”

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