Good Glamm Group's Layoff Saga: Second Wave Hits Amidst Financial Storm
In a bid to navigate turbulent financial waters, Good Glamm Group has announced a second round of layoffs, impacting 150 employees. The company, grappling with a hefty ₹150 crore debt and strategic missteps from a rapid acquisition spree, is now focused on selling recently acquired brands like Sirona. While 85% of its employees received timely salaries, a fraction faced delays, and efforts are underway to secure new equity and brand sales. Dive into the unfolding story of survival, strategy, and the challenges within India's booming D2C space.
Jan 26