Bengaluru's Udaan fires hundreds of employees amid lockdown
Several people took to Twitter to complain about the termination, claiming that they were fired through a single e-mail without any prior notice.
Bengaluru-based B2B e-commerce startup Udaan has reportedly fired hundreds of its contract employees to conserve cash amid the lockdown. Several people took to Twitter to complain about the termination, claiming that they were fired through a single e-mail without any prior notice.
Udaan’s businesses also include fresh food and pharma, which come under the essentials category. Last year, it had received a licence from the Reserve Bank of India for non-bank financing business.
According to reports, Udaan said that employees who have been laid off will be offered compensation for one month. In addition to receiving a recommendation letter to find employment through partner firms, they would also be on the priority hiring list and given preference when an employment opportunity opens up within the company’s system.
The employees, who have been laid off were intimated of the decision directly from Udaan’s consulting firms on April 24.
Udaan’s management has not taken a decision on laying off permanent employees. It added that associates who are covered under its group medical insurance scheme will get the benefit for another three months.