Kissflow Lays Off 45-50 Employees Amid Product Shutdown
- ByStartupStory | June 10, 2024
Low-code SaaS platform Kissflow has announced the layoff of 45-50 employees across multiple functions including sales, marketing, and product development. This decision follows a product shutdown and subsequent annual performance reviews, according to a report by MoneyControl.
The layoffs have affected employees in India, the US, and the UAE. Before the layoffs, Kissflow’s workforce exceeded 400 employees.
YourStory has reached out to Kissflow with queries but has yet to receive a response.
Founded by Suresh Sambandam in 2012, the Chennai-based company offers a cloud-based business process management (BPM) and workflow automation platform. Kissflow helps organizations streamline their operations and boasts a clientele that includes Fortune 500 brands such as PepsiCo, McDermott, Motorola Solutions, and Danone.
In 2022, the company made headlines when it gifted five senior executives BMW 5 Series cars, each worth about Rs 1 crore, in recognition of their long-standing association with the company.
The layoffs at Kissflow reflect a broader trend in the SaaS industry in India, where several firms have conducted layoffs due to various factors such as market downturns and shifts in market focus. Last year, Chargebee laid off 10% of its workforce, affecting 100 to 120 employees across multiple departments.
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