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Girnarsoft confirms layoffs; 60 affected by the move

GirnarSoft, the parent company of CarDekho, Gaadi and Zigwheels, confirmed to MediaNama that it has laid off 60 people in the company in a round of restructuring. The development was first reported by NextBigWhat which had pegged the number at 300. "There is no mass lay-offs," Amit Jain, con-founder and CEO of GirnarSoft said in a statement. "We recognize that this is an important time for our company to focus on core businesses. So in the course of managing better for success, we are internally realigning our management and resources to focus on core areas where we have the best bets for success. As part of this realignment, 60 positions have been impacted," he added. The NextBigWhat report cited cost cutting as the reason for this step and asked its employees to leave immediately with no notice period. GirnarSoft added that it would be increasing its staff size to 3,500 by the first quarter of 2016-17. Full statement: There is no mass lay-offs. GirnarSoft has grown from a 1,200 strong team in March 2015 to 3,000 in March 2016, and we are continuing to hire. By the end of the first quarter of 2016-17 we will be a 3,500 member team. While we sit at a peak bank balance with some of the most reputed investors backing us, we recognize that this is an important time for our company to focus on core businesses. So in the course of managing better for success, we are internally realigning our management and resources…

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