Low-code SaaS platform Kissflow has laid off 45-50 employees across multiple functions of sales, marketing, and product development. According to MoneyControl, the layoffs were due to a product shutdown and subsequent annual performance reviews.
The impacted employees, spanning India, the US, and the UAE, were part of a workforce exceeding 400 before the layoffs.
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Founded by Suresh Sambandam in 2012, the Chennai-based company provides cloud-based business process management (BPM) and workflow automation platform that helps organisations streamline their operations.
Some of its clientele include Fortune 500 brands such as , McDermott, Motorola Solutions, and Danone.
In 2022, the company made headlines when its five senior executives were gifted with BMW 5 Series cars, each worth about Rs 1 crore, in recognition of their long-standing association with the company.
Several SaaS firms in India have conducted layoffs recently due to various factors such as market downturn and shifting focus to new markets. Last year, laid off 10% of its workforce, affecting 100 to 120 employees across multiple departments.
Edited by Affirunisa Kankudti
