Logistics startup BlackBuck to fire over 200 employees: Report

Bengaluru-based logistics startup BlackBuck is in the process of firing over 200 employees mainly from its customer experience and operations teams, CNBC-TV18 reported. It added that the startup is trying to get affected employees placed in other organisations. BlackBuck claims to serve in over 2,000 locations and having over 15,000 clients, including Reliance, Tata Steel, Amul and Asian Paints.

BlackBuck focuses on B2B logistics solutions for long-haul trucking. It connects businesses with truck operators for moving goods from one place to another, a sector that has taken a big hit post the imposition of the nationwide lockdown.

Besides consumer-facing platforms, companies involved in supply chain and logistics have also been hit hard. The movement of non-essential items was barred during the first phase of lockdown. As a result, companies such as BlackBuck were impacted adversely.

Over the past four weeks, a clutch of startups have slashed either their workforce or salaries. Scooter rental startup Bounce fired over 120 employees last month while TravelTriangle let go of over 300. Naspers-backed social commerce major Meesho also slashed over 200 jobs.