CARS24 Layoffs: Pre-Owned Vehicle Platform Says Will Hire Over 500 After Firing Around 600 Employees
New Delhi, January 27 :┬аAfter slashing around 600 jobs last year, pre-owned vehicle platform CARS24 on Friday said it will hire more than 500 employees across verticals in the next 3 months.┬аLayoff Season 2023: About 3,000 Tech Employees Now Being Fired A Day on Average in January Globally and in India.
The company said it will be hiring for both tech and non-tech related roles and has opened positions in departments including technology, product, data sciences, engineering, business, customer success, human resources, finance, marketing and sales.
Last week, CARS24 saw some high-profile exits, including its global CTO Jitendra Agrawal and business head Kingshuk Sanyal, who left the company to pursue other things.┬аGoogle Layoffs: Employee Whose Mother Died of Cancer Among Sacked Workers, Says ‘It Feels Like Slap in the Face’.
The used car marketplace, set for an IPO, in May last year announced that around 600 employees were let go based on their poor performance and not owing to any “cost cuts”. According to CARS24, new hires will play a critical role in driving the next phase of growth as the company scales down its operations and expands further.
Vikram Chopra, CEO and Founder, CARS24 said that as we scale our operations and expand further, “we are looking for bright, talented minds for various roles who share similar values as us to join our team and play a pivotal part in driving the next phase of growth at CARS24”.
Over the last few months, talent from some of the best-known global brands joined CARS24, said the company. In December last year, CARS24 closed a $400 million round of funding, including a $300 million Series G equity round alongside $100 million of debt from diversified financial institutions.
(The above story first appeared on LatestLY on Jan 27, 2023 05:23 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
