bizztor

LocalOye Lays Off 60 Employees as Part of Restructuring Effort

LocalOye, an online platform to book services online, on Monday said it has laid off 60 employees, as part of a restructuring effort. Post the restructuring, the company will have about 140 employees.

“This (restructuring) is a result of the startup’s growing focus on automating the entire process of hiring service professionals. The full and final settlements to the relieved employees have already been completed”, LocalOye said in a statement.

The relieved employees are mainly from the call servicing unit and merchant acquisition teams. They will receive two months pay and other benefits.

“Over the past few months, we have been hard at work in prioritising efforts on better monetisation and technology adoption from service partners, and this restructuring is another step in that direction”, LocalOye founder and CEO Aditya Rao said.

Set up in 2013, LocalOye currently operates across three cities – Mumbai, Bengaluru and NCR. The startup offers over 90 services across categories like home, education, beauty, health and fitness, event planning and online consultancy.

It works with more than 4,200 partners across services and has serviced more than 500,000 customers. The company is backed by investors like Sidharth Rao (founder of Webchutney); Former Network18 CEO Haresh Chawla (investor in Housing.com, Burrp.com, Askme.com, Bookmyshow.com); Sachin Bhatia (MakeMyTrip co-founder); Tiger Global Management, and Lightspeed Venture Partners.

Get SEO Insights from Experts

We curate top 10 SEO resources every week and share it with our community. Join our Weekly Newsletter to boost your organic traffic.  

COLLABORATION

Let's Discuss
to create the best
digital
solutions.

We’re a team of creatives people who are excited about unique ideas and help SMEs and Startups with their digital growth.

India Office:

Level 12, Building 8C,
Cybercity, Gurugram.
India – 122002

Email: [email protected]
Call: +91 7027030024
Ireland Office:

The Crescent Building,
Block B, Dublin,
D09 C6X8

Email: [email protected]
Call: +353 89 444 6579
Work inquiries

Interested in working with us?

Email:
[email protected]
Copyright ©2020 Bizztor. All Rights Reserved. Bizztor is a trademarks of Bizztor Media Private Limited.
Sidebar Scroll To Top

HEY YOU, SIGN UP AND CONNECT TO WOODMART!

Be the first to learn about our latest trends and get exclusive offers

Will be used in accordance with our Privacy Policy