Cars24 lays off nearly 200 employees amid organisational restructuring

Cars24 has laid off nearly 250 employees as part of an organizational restructuring. This move follows earlier reports of layoffs at the company and suggests a broader effort to streamline operations and optimize its workforce. Organizational restructuring can be undertaken for various reasons, including improving efficiency, adapting to market changes, or adjusting business strategy. The impact of these layoffs on Cars24's overall performance and future plans in the used car market will be closely monitored. (Start-Up & DPIIT; Labour Laws)