Reliance and Goggle-backed Dunzo has deferred 50% salaries of its 500 employees in manager-level positions and above. The company at present has around 1,000 employees.
According to Business Standard, “All employees manager grade and above have only received 50 percent of the salary of June. Rest company says they will pay it later between July 15th to 25th.,” the source said.
The decision was primarily as the company facing issues managing its cashflows. There are rumors of restructuring amid a cash crunch.
Dunzo has already cut jobs twice this year. Earlier, the company cut its workforce by 30 percent which was close to 300 employees in April, and simultaneously planned a shift in the business model to reduce operating costs.
Dunzo is an all-in-one 24X7 delivery platform that picks and delivers anything and everything within the city while guaranteeing super-quick deliveries.
The company has services including the delivery of packages, groceries, food, medicines, pet supplies, and more. Founded and headquartered in Bengaluru, Dunzo was incorporated in 2015.
The company is backed by Google and Reliance.