Covid-19: Meesho fires 200 employees due to pandemic

Meesho, is laying off employees in other departments, too, including customer support, operations and marketing, added the people mentioned above.

Apart from that, the company is still mulling over slashing salaries of employees, but sources say that executive and senior-level employees may eventually have to take a significant pay cut.

“It may be announced later this month,” said the second source, who did not wish to be named. “The decision to layoff was taken after taking advice from the investors over the past two weeks.”

As India continues to be in a 21-day lockdown due to the novel coronavirus pandemic, sale of non-essential items (both online and offline) have taken a huge hit leading to almost no business for such platforms. Social commerce firms such as Meesho along with e-commerce platforms such as Amazon and Flipkart have been a direct victim of this situation.

In fact, Meesho recently launched grocery offerings to support their reseller network because their core business has been at a standstill due to the lockdown. Entrackr had exclusively reported the development last month.