LocalOye lays off 60 employees as part of restructuring in the call servicing unit

LocalOye works on a performance oriented model with its service partners, where each service request accepted by a partner is charged and deducted from a prepaid wallet (currently averaging at Rs. 8000/- per partner). Out of the 90+ categories that LocalOye offers, it has 2x margins on more than 75% of the service requests

LocalOye, a platform toĀ hire expert service professionals, todayĀ announced that as part of a restructuring it is laying off 60 employees, mainly from its call servicing unit.

This is a result of the startupā€™s growing focus on automating the entire process of hiring serviceĀ professionals. The full and final settlements to the relieved employees have already been completed.localoye

ā€œIn 2014, we started as an early leader in the local services space, and today we are present in 90+Ā categories across 3 cities. LocalOye has always been the pioneer when it came to providing trusted,Ā assured and reliable service partners to our customers. Over the past few months, we have been hard atĀ work in prioritizing efforts on better monetization and technology adoption from service partners, andĀ this restructuring is another step in that direction. Our partner additions include revenue managementĀ tools, online payments, lead tracking etc.ā€ said Aditya Rao, Founder & CEO ā€“ LocalOye.

LocalOye works on a performance oriented model with its service partners, where each service requestĀ accepted by a partner is charged and deducted from a prepaid wallet (currently averaging at Rs. 8000/-Ā per partner). Out of the 90+ categories that LocalOye offers, it has 2x margins on more than 75% of theĀ service requests.

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