bounce had laid off employees since december last yearbengaluru startups have started laying off staff and in some cases asked employees to take pay cuts as they look for ways to weather the impact of the coronavirus outbreak according to employees of various firms who spoke to etcompanies however cited that such measures are mainly to keep businesses running as there is no certainty as to when things will return to normal et has reviewed the termination lettersonline insurance firm acko has laid off around 50 employees a majority of whom work in the customer service operations sales and marketing segments responding to ets query acko founder varun dua said 45 people were impacted advt these are unprecedented times and we have to be prepared for a situation where the world is not normal for a long time dua said adding that the leadership team has taken deep voluntary salary cuts between 50 and 70 to do whats right in the interest of the majority some business lines have been impacted and we dont see them recovering for a long time and weve been forced to rationalise in those areas and consolidate a few teams and roleset has also learnt that cloud communication firm exotel has capped salaries at rs 40000 for the next two months and will look at the situation after a month to take further measureswe are undertaking a few measures including salary cuts to ensure that we are able to tide over these tough times and emerge stronger as a company to show our employees our gratitude and appreciation we are also offering some compensation in the form of esops said shivakumar ganesan ceo of exotelusbased travel firm fareportal has sacked about 500 employees in india they were officially notified last weekonline travel portals have been hardest hit due to the covid19 pandemic as countries around the world announced lockdowns and airlines halted operationsread alsojk tyre top management takes salary cut 25 pay cut for chairman singhaniavws spanish unit seat considers temporary layoffs in barcelona as coronavirus spreadsticket booking platforms like makemytrip cleartrip ixigo and hospitality chain fab hotels are among the companies looking at salary cuts while a few others have started sacking staff according to data sourced from big jobsa job portal advt we are reviewing our operating costs and plan to undertake multiple tough measures to keep overall expenses at a minimum a makemytrip spokesperson told et as the situation continue to rapidly evolve we will continue to monitor impact closely and will accordingly assess compensation reduction for others while cushioning the impact for our front line staffdeep kalra and rajesh magow have said that they will be not be salary from this month while the rest of the leadership team will be taking a 50 cut in their compensationlast month et had reported that startups including bounce drivezy and udaan have cut staff to stay afloatbounce had laid off employees since december last year it now anticipates that the current lockdown and