ZestMoney set to lay off around 100 employees after acquisition deal with PhonePe falls through1 min read 07 Apr 2023, 04:24 PM IST
Bengaluru-based ZestMoney has announced plans to lay off around 100 of its employees, or roughly 20% of its workforce, as part of its business continuity and survival plan. The move comes weeks after the company's acquisition deal with PhonePe fell through.
Weeks after an acquisition deal with PhonePe fell through, Bengaluru-based buy now pay later platform ZestMoney has announced layoff plans. According to reports, the fintech company will trim its workforce by around 20% as part of its business continuity and survival plan. According to reports, this will affect around 100 of the company's employees.