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Gurugram-based electric vehicle (EV) fleet management firm Zypp Electric has reduced its workforce by around 10% over the past two months as it works toward profitability ahead of a potential public listing.
In January, the company had about 1,300 employees, which has now come down to around 1,190, founder Akash Gupta told ET.
“Basically, this was not a layoff. We conducted an appraisal exercise in February, during which we looked at some rationalisation of non-performers to drive efficiency. This is part of a sustainable, profitable growth plan. As…
