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After 600 job cuts last yr, CARS24 to hire 500 employees in 3 months

After 600 job cuts last yr, CARS24 to hire 500 employees in 3 months

New Delhi: The Pre-owned vehicle platform CARS24 said on Friday that it is going to hire more than 500 employees across its verticals in the next three months. This comes after the firm cut down 600 jobs last year, IANS reported.

According to the company, hiring will happen in both tech and non-tech roles. Openings for positions have appeared in departments including technology, product, data sciences, engineering, business, customer success, human resources, finance, marketing and sales.

Last week, CARS24 saw some high-profile exits, including its global CTO, Jitendra Agrawal and business head, Kingshuk Sanyal, who left the company to pursue other things.

The used car marketplace, set for an IPO in May last year, announced that around 600 employees were let go based on their poor performance and not owing to any "cost cuts".

According to CARS24, new hires will play a critical role in driving the next phase of growth as the company scales down its operations and expands further.

Vikram Chopra, CEO and Founder, CARS24 said that as we scale our operations and expand further, "we are looking for bright, talented minds for various roles who share similar values as us to join our team and play a pivotal part in driving the next phase of growth at CARS24".

The company said that talent from renowned global brands had joined CARS24.

Last December, CARS24 closed a $400 million round of funding, including a $300 million Series G equity round alongside $100 million of debt from diversified financial institutions.

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TAGS:hiringjob cutsCARS24
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