Lentra laying off 70 employees across all division

Indian Fintech company Lentra is giving pinkslip to 10 employees across all division due to financial crunch and may undergo reorganization. Lentra laying off around 10% of their work force with various job titles across all department in India with business restructuring to get its business back on track.

Lentra found in 2018 has speciality in Financial Services running by current CEO D Venkatesh. Lentra is enabling banks in democratising digital lending through its SaaS platform. It empowers banks (& NBFCs) to create custom loan products and enhance customer experiences, through its API-driven modular architecture. Currently, Lentra’s digital lending platform serves over 50 banks, has processed over $20 billion worth of loan applications, with 2 million loans being processed every month.

There was no official communication to us from Lentra but you can always refer Lentra internal gossips and layoff news on our Lentra discussion board.

As per company spokeperson to media, Our efforts to optimise our operations and adapt to changing market dynamics have led us to make the decision to reorganise our workforce. We are confident of maintaining our trajectory and positioning our company for continued success in the future.

Lentra Layoff Details in Brief

10 Lentra employees were laid off over the phone call/email without putting them into PIP (performance improvement plan), as per various media houses. This layoffs at Lentra surely have a deep impact on the affected employees across all division. The main concerns about job security and employability, Lentra employee may find themselves struggling with uncertainty and anxiety. However, it is important to note that layoffs are often a reflection of broader market forces rather than individual performance and we layoffnewz team wishes that all laid off employee will get alternative jobs soon.

You can connect with Lentra Official website for more details about this layoff.

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