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Exclusive: CARS24 To Fire 120 More Employees In Restructuring Exercise

  • CARS24 is laying off 120 more employees as part of a restructuring exercise from its non-core verticals.
  • The startup is shutting down its B2B vehicle spare parts platform 'Inspare', resulting in 80 employees losing their jobs.
  • Employees being offered a severance package as per their notice period.
  • CARS24 had previously laid off 200 employees and is winding down operations of non-profitable verticals.

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