Trouble continues at a retail firm and quick-grocery supply supplier Dunzo. The Bangalore-based firm, which is backed by Google, will not be in a position to pay the employees’ salaries. As per the stories, Dunzo has additionally not settled the excellent dues of final month but.
Dunzo, in a press release to its employees, mentioned that it has additional delayed the fee of salaries for the months of June and July. The homegrown quick-grocery supplier has mentioned that it will be unable to pay employees salaries till early September. The company’s assertion got here after the salaries have been additional delayed from the earlier deadline of July 20.
What firm mentioned to employees
“For those team members who were expecting the balance payouts of their June salary during this week, we regret to inform you that this has been delayed. The pending salaries for June will now be paid on September 4th, 2023. Additionally, the July salary for all team members will be paid only on September 4, along with the August salary,” Dunzo advised employees.
“At this stage, we want to concentrate on “streamlining our cash flow so we can build a more sustainable business for the future. We need your support as we work through this,” the firm wrote in the e mail.
To enhance its monetary well being, Dunzo reportedly capped worker salaries at Rs 75,000 monthly, regardless of their pay packages. Reportedly, Dunzo has delayed 50 per cent wage of senior employees.
Dunzo layoffs
As per the stories, the firm will fireplace extra employees this month. The firm already laid off shut to 400 employees in two rounds. In April, Dunzo laid off not less than 30 per cent of its workforce, practically 300 employees, after it raised $75 million in a contemporary funding spherical. The firm additionally laid off 3 per cent of its workforce in January amid cost-cutting measures, as the firm checked out workforce constructions and community design to construct effectivity in its groups.
Also Read: Dunzo to lay off 30% of workers amidst a $75 million funding spherical
(With IANS inputs)
