Balanced News: India’s Meesho cuts 251 jobs, as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This is the second round of job cuts at Meesho, which eliminated about 150 roles a year ago. The Bengaluru-headquartered startup, backed by Fidelity, Prosus, SoftBank, Sequoia India and Meta, said in a statement that it is looking to “work with a leaner organizational structure to achieve sustained profitability.”

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