TravelTraingle releases its CEO and CTO
COVID-19 pandemic has hit the travel and hospitality sector very hard. Startups and corporations operating in distributing travel services are no exception. While OYO, MakeMyTrip, Treebo, and Fab Hotels have downsized their workforce to conserve cash, TravelTriangle has laid off over 250 employees, which calculates to its 50% workforce then.
The company’s board has relieved its CEO Sankalp Agarwal and CTO Prabhat Gupta, according to email communication with their employees. Agarwal and Gupta along with Sanchit Garg had founded the marketplace firm that deals in selling holiday packages.
Sanjeev Misra, who was Chief Operating Officer (COO), has sent an email to the employees in which he mentions that he is taking over as interim CEO TravelTriangle starting May 4.
“By virtue of the decision of the board of directors of the company at its meeting on 31 December, I will take over as the interim CEO of the company until the board decides on the appointment of a long term CEO. The company will appoint a new CTO in due course”, mentions the email.
The travel and hospitality sectors have been hit the most due to the ongoing pandemic. With India in its third phase of lockdown, no flights, hotels, and travel activities are being allowed except under special orders.
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