<ul><li>The Good Glamm Group, a beauty and content platform, is facing financial distress, leading to delayed salaries for April and unsettled payments for employees laid off.</li><li>Employee salaries for April are postponed and will be paid alongside May salaries by June, raising uncertainty, especially for former employees awaiting settlements.</li><li>The company's cash flow crisis has already caused delays in salary payments in previous months, and recent layoffs have affected 15% of the workforce as part of efforts to achieve profitability by FY25.</li><li>Leadership changes with co-founder and CFO stepping down, new leaders stepping in, and plans to restructure operations and raise funds of Rs 250-500 crore, including a potential sale of key brands to cover liabilities.</li></ul>

Good Glamm Group delays salaries and settlements amid financial crisis

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