 "\"We had a plan to reduce losses by 70 per cent in FY19, but it looks like we are slightly behind target. We are taking some hard decisions in the long-term interests of the company,\" says CEO Ashish Goel")
Online furniture store Urban Ladder is said to have laid off close to 90 employees over the past few days, as it aims to trim losses to climb up the profitability rung.
The Bengaluru-based company, which had earlier announced to go for an initial public offering (IPO) in 2020-21 (FY21), aims to become operationally profitable in the April-June quarter and maintain that on a full-year basis in 2019-20 (FY20).
Ashish Goel, co-founder and chief executive officer, did confirm to Business Standard that the company has taken some tough decisions, including retrenchment of people. He did not divulge the number of
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