<ul><li>Cars24 is laying off 120 employees as part of a strategic overhaul to streamline operations.</li><li>The layoffs are focused on non-core business units, with the closure of Inspare, resulting in 80 job losses.</li><li>Another 40 employees from the car-servicing vertical, FourDoor, have also been laid off due to project underperformance.</li><li>The company is offering severance packages and no further layoffs are planned as this is viewed as a targeted reset.</li></ul>

Cars24 lays off 120 employees amid strategic overhaul

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