<ul><li>IPO-bound electric mobility startup Zypp Electric has laid off nearly 10% of its workforce.</li><li>The layoffs were part of a 'rationalisation' exercise to drive efficiency, sustainable growth, and profitability.</li><li>Zypp plans to achieve EBITDA profitability before its public listing and has introduced a 'loss-of-pay policy' for team leads.</li><li>Zypp Electric operates a fleet of over 22,000 electric scooters and competes with companies like MoEving, Baaz Bikes, and Yulu.</li></ul>

Zypp Electric Trims 10% Workforce Over ‘Performance’ Issues

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