After media reports stating Grofers planning to lay off 10% of its employees and withdrawing 67 campus placement offers, the company has come out with a statement citing strategic changes as main reason behind such move.
"We have been making some necessary strategic changes within the company. These changes have made the new roles redundant and therefore, we are no longer able to continue with the offers we made a few months back. A total of 67 offers have been revoked," Grofers said in a statement on Monday.
The company said this decision was tough for it but it was necessary.
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"We could not have taken in the graduates but let more of our existing employees go. It would have been inappropriate to get the college graduates onboard, have limited work for them and relieve them later," Grofers said.
The online grocery delivery start-up funded by SoftBank Group Corporation and Tiger Global Management will lay off 10% of its existing employees.
"Given the current market environment and our revised growth projections, we are also downsizing some of our teams. 10% of our employees have been affected by it. We are offering severance benefits and outplacement services to all our affected employees," it added.
The co-founders of Grofers Saurabh Kumar and Albinder Dhindsa have released an official joint statement saying, "The ones affected by this decision deserved much more empathy and understanding – and the fact that we failed in that is unacceptable."
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