CARS24 Lays Off 200 Staff In Restructuring Exercise

CARS24 cofounder Vikram Chopra said certain projects did not deliver as expected over a few months which resulted in hiring for few roles too early in the stage

The company claims to provide severance packages and outplacement services to outgoing employees

The development comes just a few days after the startup acquired Team-BHP

Used car marketplace Cars24 has laid off around 200 employees across various departments as part of its restructuring exercise aimed at streamlining operations.

CARS24 cofounder Vikram…