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SUMMARY
Months after raising $200 Mn at a unicorn valuation, logistics startup Porter has laid off over 350 employees in a restructuring exercise, sources told Inc42
The exercise, which impacted employees across teams, was a result of Porter’s decision to merge its truck and two-wheeler business verticals, the sources said
The layoffs impacted at least 18% of the startup’s total workforce. According to EPFO data, Porter had about 2,000 employees on its payroll in September
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