Livspace CBO Lalit Mittal Quits Amidst Leadership Churn, 1,000 Layoffs
MMoneycontrol•24-02-2026, 14:12
Livspace CBO Lalit Mittal Quits Amidst Leadership Churn, 1,000 Layoffs
- •Livspace Chief Business Officer Lalit Mittal has resigned, marking the second senior-level departure in days.
- •Mittal's exit follows the stepping down of India CEO and co-founder Saurabh Jain.
- •The company previously laid off at least 1,000 employees to cut costs and enhance efficiency with AI.
- •Livspace confirmed Mittal's departure, stating he left over a month ago to pursue an entrepreneurial journey after six years.
- •Despite leadership changes, Livspace reported reduced losses and increased sales in FY25.
