https://layoffcheck.com/companies/waycool Layoff and WARN notices reported for WayCool. en-us https://layoffcheck.com/companies/waycool#2024-07 https://layoffcheck.com/companies/waycool#2024-07-709 Fri, 26 Jul 2024 12:00:00 GMT Chennai-based agritech startup WayCool laid off more than 200 employees in July 2024, its third round of cuts in under 12 months. The previous two rounds, in July 2023 and February 2024, had already eliminated more than 370 positions. A company spokesperson said each of WayCool's businesses was "executing their plans to get to profitability" and that roles were being "further simplified and automated." The July cuts spanned operations in Chennai, Bengaluru, and Hyderabad and affected two subsidiaries, CensaNext and BrandNext. The startup had been in talks to raise more than $50 million at a valuation of up to $900 million, but those negotiations fell through, leaving the company at a $700 million valuation. WayCool's FY23 losses grew 89% to Rs 685 crore even as revenue rose 62%. https://layoffcheck.com/companies/waycool#2024-02 https://layoffcheck.com/companies/waycool#2024-02-946 Mon, 26 Feb 2024 12:00:00 GMT WayCool reported a workforce reduction in Chennai in February 26, 2024. https://layoffcheck.com/companies/waycool#2023-07 https://layoffcheck.com/companies/waycool#2023-07-1594 Tue, 11 Jul 2023 12:00:00 GMT WayCool reported a workforce reduction in Chennai in July 11, 2023.