Logistics startup Porter lays off 300-350 employees

Bengaluru-headquartered on-demand logistics platform Porter announced on Tuesday that it has had to lay off staff to rationalise costs. While the company did not reveal how many employees it had let go, people in the know told ET that about 300-350 roles had been cut as the company weighs plans to go public.

In a statement on Tuesday, Porter said: “We’re in the midst of a transition that required a one-time restructuring, aimed at building a stronger, more agile, and financially resilient organisation for the road ahead. As part of this journey, we’ve…