Startups cancel office lease in a bid to avoid pay cuts and job loss
Over the past few weeks, some companies have decided to shift a number of roles to permanent work-from-home positions, citing safety concerns, better efficiency and lower operational costs
It wasn’t easy for Pulkit Sharma, co-founder and chief executive officer of Khabri, to give up the office space his 26-member team had moved into just seven months ago. The Hindi audio content platform had taken up a private space at a Gurugram-based co-working setup and customized it. A month into the nationwide lockdown, Sharma had to take the painful decision of moving out to cut expenses and avoid pay cuts.