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CRED-owned Happay lays off 35% of its workforce, these are the teams likely affected

Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has cut nearly 35 per cent of its workforce. The job cuts are reportedly part of a restructuring exercise. Founded in 2012, Happay provides travel and expense management software to corporates and a corporate credit card stack to businesses. It was acquired by Cred in the year 2021 for $180 million. According to its LinkedIn profile, the startup has more than 450-500 employees.

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