Startups give up office space to save staff paycuts
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MUMBAI, May 20 -- It wasn't easy for Pulkit Sharma, co-founder and chief executive officer of Khabri, to give up the office his 26-member team moved into just seven months ago. The Hindi audio content platform had taken up a private space in a Gurugram co-working setup and customised it. A month into the nationwide lockdown, Sharma had to take the painful decision of letting go of the place to cut expenses and avoid paycuts.
"It had an amazing location. Fridays, the place would have a great vibe. We had such great times there. But it didn't make sense to keep it," says Sharma. Most of Khabri's team members had returned to their hometowns by mid-March to work remotely. A month later, when the employees were asked whether they would like t...
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