Khatabook Lays Off Employees in Multiple Departments Amid Cost-cutting Measures

  • The Bangalore-based fintech Khatabook conducted a fresh round of layoffs targeting engineering, product, and marketing roles.
  • This marks the third or fourth round of downsizing in a bid to achieve profitability, amid the company’s rising costs.
  • Employees received three-month salary as severance, extended ESOP vesting, and insurance continuation.
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