Licious lays off 3% of its workforce amid restructuring exercise
Even as the company's revenues remained flat, its losses in FY23 narrowed to Rs 528.5 crore, down around 38 per cent from Rs 855.6 crore in FY22, according to data accessed via market intelligence platform Tofler.
![Licious lays off 3% of its workforce amid restructuring exercise](https://cdn.zeebiz.com/sites/default/files/2024/02/09/280031-layoff-pixa.png?im=FitAndFill=(1200,900))
Licious is laying off around 80 employees, as part of a restructuring exercise. Image: Pixabay