Porter Lays Off 300–350 Employees Amid Restructuring
Logistics startup Porter has laid off between 300 and 350 employees as part of an internal restructuring aimed at improving efficiency and streamlining operations. The layoffs reportedly affect teams across multiple departments, including technology, operations, and support functions. The company has not publicly confirmed the exact number of affected employees.
Reason Behind the Layoffs
According to industry sources, the decision is part of Porter’s strategy to merge its truck and two-wheeler logistics divisions. The move comes as the company prepares for its next phase of expansion and a potential public listing. The downsizing represents around 15 to 18 percent of its total workforce. Porter’s management has assured that affected employees will receive severance packages, outplacement support, and access to extended health benefits.
Company Performance and Growth Plans
Founded in 2014, Porter operates in more than a dozen Indian cities, offering on-demand logistics and last-mile delivery services. The company recently reported profitability for FY25, driven by over 50 percent year-on-year revenue growth. The restructuring is aimed at maintaining long-term sustainability and cost discipline while scaling new business verticals.
Broader Industry Context
The layoffs highlight growing pressure on Indian startups to optimize operations amid a tightening funding environment. Similar workforce reductions have recently occurred across logistics and tech sectors as companies focus on profitability over rapid expansion. Analysts note that Porter’s move reflects a wider trend of operational consolidation before potential IPO activity in the logistics space.
