E-commerce firm Meesho laid off 150 workers from its grocery business, which it recently restructured and rebranded as Meesho Superstore from Farmiso. The company announced last week that it would integrate the grocery vertical into its main app, sparking speculation about layoffs within the company.
"Approximately 150 full-time employees will be impacted by the restructuring of Meesho Superstore, which is aimed at bringing in efficiencies," a Meesho spokesperson said. The company is providing severance packages and outplacement assistance to those affected in order to help them find new jobs outside of the company. According to sources close to the situation, the company's downsizing will affect approximately 400 employees. Meesho, on the other hand, denied this, claiming that only 150 of its employees were asked to leave.