US-based startup Continuum has recently introduced 'layoff support' as a service just as the tech industry grapples with poor market conditions.
The job cuts and layoff plans are expected to occur in salaried ranks in multiple operational functions.
The move seems to be part of Tech Giant’s ploy to make the company leaner so as to combat economic downturn, if it happened in future.
The restructuring will include creating a lean group head office responsible for setting strategy, policies and frameworks for the Westpac Group.
The FMCG major plans to let go 5% of its workforce worldwide. However, the restructuring will not impact shopfloor jobs in factories.
Better's board said it had confidence in Garg, who founded the start-up and in the changes he is committed to making to provide the type of leadership, focus and vision that Better needs at this pivotal time.
I own the decision to do the layoffs, but in communicating it I blundered the execution, Vishal Garg said.