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.