Exclusive: CureFit Lays Off 120 Employees In A Restructuring Exercise

Exclusive: CureFit Lays Off 120 Employees In A Restructuring Exercise

SUMMARY

CureFit’s restructuring exercise impacted employees across its brands like Sugar.fit, Carefit, Cultfit, among others

In a statement, CureFit said it reduced “some redundant positions” to streamline operations and improve productivity with an eye on turning profitable in FY25

The unicorn managed to improve its financials in FY23, with revenue jumping to INR 694 Cr and loss narrowing to around INR 500 Cr

Zomato-backed fitness startup CureFit laid off about 120 employees earlier this week in a restructuring exercise, joining the long list of Indian startups which have fired employees amid the unrelenting funding winter.

The Bengaluru-based healthtech unicorn’s restructuring exercise impacted employees across its brands like Sugar.fit, Carefit, Cultfit, among others, sources told Inc42.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.