CityMall terminates jobs of 191 employees in India

CityMall, a social commerce startup which had raised $75 million in March, has terminated jobs of 191 employees.
IT job @ TetrasoftIndia-based CityMall is a community commerce platform backed by investors like General Catalyst, Elevation, Accel and Waterbridge.

“191 of our employees will be parting with us due to structural changes across functions at CityMall, the start-up said in a LinkedIn post.

The layoff impacts at least 30 percent of its workforce.

CityMall deals in grocery, fresh and packaged FMCG, electronics and fashion categories.

The platform said it will provide outplacement assistance to all the employees who will be moving out of the company.

The startup has raised over $110 million to date.

CityMall aims to create hundreds of thousands of such micro-entrepreneurs and empower them to create the go-to e-commerce platform.