CARS24 To Fire 120 More Employees In Restructuring Exercise

Over a month after it laid off 200 employees, used car marketplace Cars24 is in the process of laying off another 120 employees from its non-core verticals as part of a restructuring exercise, sources told Inc42.

The Delhi NCR-based startup is either shutting or scaling down its non-core verticals. As part of this, it is shutting its B2B vehicle spare parts platform ‘Inspare’, which will result in 80 employees losing their jobs, the sources said.

The startup has informed employees of catalogue, procurement, sales, operations, and other…