
Gold loan provider Rupeek laid off approximately 50 employees across departments on Wednesday (September 7) as part of its plans to become profitable within the next 12-18 months.
This is the company’s second round of layoffs. It is based in Bengaluru. It laid off approximately 180 employees in June of this year. According to people familiar with the situation, the startup’s management informed employees of the decision to reduce the workforce on Wednesday. So far in 2022, Rupeek has laid off approximately 230 employees. In June, a company spokesperson cited a “subdued macroeconomic environment” as the reason for the layoffs.








