Cred Owned Happay Announces Layoffs

Cred-owned Happay has reportedly fired 150 employees as part of a restructuring exercise.

Happay, being an expense management platform, is not the primary focus for the credit card management company Cred.

While the layoffs will affect core and non-core roles at Happay, the impacted employees are likely to receive severance packages. 

With this announcement, Cred joins the league of companies to take a layoff decision to achieve operational synergies in line with the present macroeconomic conditions.