SoftBank-backed Meesho lays off 15% staff, admits to 'judgment errors in over-hiring'

SoftBank-backed Meesho lays off 15% staff, admits to 'judgment errors in over-hiring'

Meesho co-founders Sanjeev Barnwal (left) and Vidit Aatrey. Photo: Mint

SoftBank-backed Meesho on Friday said it has laid off 15% of its workforce, amid increasing pressure for the social e-commerce company to tighten costs and sharpen focus on profitability.

Edited by: Padma Priya