Voonik has told 200 employees that it won’t be able to pay them their salaries for the next three months as it undertakes massive cost-cutting measures.
“Voonik is currently one or two months away from EBITDA profitability. One of the measures is restructuring certain teams. As part of this exercise, we have requested these team members to self-select to being part of our last leg of journey towards profitability, which includes deference of salary if required. We have done this exercise in the past as well and we always have paid back the deferred salary.” (Sujayath Ali, Voonik founder/source)