CARS24 Lays Off 600 Personnel In India
Pre-owned automobile e-commerce platform CARS24 has laid off over 600 people in India. On May 19, the corporation labeled the employment layoffs as "performance-linked exits." When contacted for confirmation, the corporation stated, "This is business-as-usual performance-linked exits that happen every year." It did not specify which roles were most affected by the recent job layoffs as a byproduct of its annual performance evaluation, which takes place in April-May.