Livspace Lays off 450 employees due to impact from COVID-19
Bengaluru-based Livspace, which is into home design and renovation, has laid off 450 employees 15 percent of its total workforce due to an adverse impact of the coronavirus-induced lockdown. The decision to lay off was taken last week.
Earlier this month, leading co-working operator WeWork India also announced laying off nearly 100 employees.
Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace provides a three-sided marketplace and a design automation platform that connects homeowners, certified designers and vendors.
Livspace uses data science-enabled algorithms to match homeowners with designers (based on style preferences, budget, scope of work and timelines).
"Due to the COVID-19 pandemic, like every business in the discretionary purchase sector, Livspace also...