According to Money Control, Kissflow has reduced its workforce by approximately 15 percent, affecting around 45-50 employees. This downsizing spans across various departments, including sales, marketing, and product development.
The layoffs were a consequence of the recent shutdown of certain products. Additionally, the decision followed the company’s annual performance reviews, which likely influenced the evaluation of staff retention.
This strategic move reflects Kissflow’s efforts to streamline operations and focus on core business areas, aiming for greater efficiency and alignment with current market demands.
According to the report, Kissflow founder and chief executive officer (CEO) Suresh Sambandam, said, “We let off of around 20-25 people because we moved away from land-motion procurement to expand motion, this was done to increase customer acquisition across our products.”
“At the same time, we do annual performance reviews every two to three years, and around 20 people were let go due to this,” Kissflow added.
So far in 2024, there have been 607 layoffs at tech companies with 146,726 people impacted (906 people per day). In 2023, there were 2,001 layoffs at tech companies and 428,836 people impacted (1,175 people per day).
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