Electric three-wheeler startup, Euler Motors, has trimmed its workforce by around 10%.
A statement released company states, 'We are restructuring our company to better deliver to customers as well as to investor expectations of greater efficiency in the context of changing global circumstances.
'Our decision to restructure, however, meant that we had to part with approximately 10% of our employees from across the organisation - many of whom have made invaluable contributions to our growth and success.
Euler says that it has provided appropriate severance and support to the individuals laid off. It adds that it has a strong product order book.
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Vani Rikhy Mehra, AVP - Sales and Mobility, Euler Motors | Mobility Outlook | Women In Mobility