ZestMoney To Fire About 30% Employees

ZestMoney Cuts 30% Staff After PhonePe Deal Fails

ZestMoney To Fire About 30% Employees

The layoffs were announced about a week after PhonePe pulled the plug on its plan to acquire ZestMoney

ZestMoney To Fire About 30% Employees

ZestMoney’s founders and top leadership informed the employees of the layoffs in a town hall meeting on Thursday

ZestMoney To Fire About 30% Employees

Despite deciding to not go ahead with the acquisition deal, PhonePe is likely to onboard a sizable chunk of ZestMoney’s workforce, a source said

ZestMoney To Fire About 30% Employees

 While media reports suggest that the company has around 450 employees, its LinkedIn page shows 645 employees

ZestMoney To Fire About 30% Employees

As such, the number of employees impacted by the layoffs could be about 135-190. Inc42 has reached out to ZestMoney for a comment on the issue