US EditionCARS24 to Slash 120 More Jobs Amid Major Restructuring Drive
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CARS24 to Slash 120 More Jobs Amid Major Restructuring Drive
According to media reports, used vehicle marketplace CARS24 is currently laying off an additional 120 workers from its non-core verticals as part of a reorganisation exercise, more than a month after it let off 200 workers.The non-core verticals of the Delhi NCR-based startup are being shut down or scaled down. According to the reports, it is doing this by closing its business-to-business automotive replacement parts platform, "Inspare", which w…
Cars24 lays off 120 employees amid strategic overhaul
Used-cars platform Cars24 is set to lay off 120 employees as part of a fresh restructuring exercise aimed at streamlining its operations. The layoffs follow a previous round in April when the Delhi NCR–based company let go around 200 employees. This time, the cuts are said to be more focused on non-core business units. However, in a statement sent to Inc42, a Cars24Cars24 spokesperson clarified and said, “No layoffs are taking place at present. …
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