Logistics Startup Porter Layoffs 300-350 Jobs Amid Cost-Cutting

Bengaluru-based on-demand logistics platform Porter has announced a workforce reduction affecting roughly 300 to 350 employees, as per the news reports. The job cuts come amid the company’s restructuring efforts as it prepares for a potential initial public offering (IPO). 

Operational Shift & Cost Rationalisation

According to the news report, these layoffs represent about 18% of Porter’s total workforce. The restructuring is described as a “one-time” exercise to create a leaner, more financially resilient organisation. 

The company is streamlining overlapping business verticals, especially merging certain truck and two-wheeler logistics operations, in order to improve efficiency and margins ahead of its next growth phase. 

Porter’s Financial Performance

Porter recorded a strong performance in FY25, with revenue rising around 57% to ₹4,306 crore and delivering its first annual net profit of around ₹55 crore after a loss in FY24. 

As per the news reports, the company had raised about $200 million in May 2025 at a $1.2 billion valuation and is reportedly seeking further funding of $100-110 million as part of IPO preparation. 

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Conclusion

Porter’s job cuts reflect a shift from rapid growth expansion to operational discipline and readiness for public markets. The outcome of this restructuring will be watched closely by investors and industry observers.

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