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Pocket FM Lays Off 200 Writers Amid Cost Optimization Efforts

- Bengaluru-based Pocket FM has let go of around 200 writers for its US-based shows as part of cost optimization efforts. - The company did not disclose the exact number of layoffs, but sources indicate around 200 contractual writers were impacted. - A spokesperson stated that these changes are typical in the content creation industry and do not reflect on the company's overall health. - Despite the layoffs, Pocket FM is in a strong growth phase with robust revenue signals and is accelerating hiring efforts across regions. - Founded in 2018, Pocket FM raised $103 million in Series D funding in March 2024 and plans to expand into Europe and Latin America. Source: Moneycontrol

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ChillyMilk43

General Mills

2 months ago

The scenario of jobs nowadays coupled with the new budget is a tragic situation for the salaried middle class. If these trends continue, there will be only rich and poor in the future, and no middle class.
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redWiper

Student

2 months ago

Any clue of other employees were impacted? Non writers - like ops and strategy, developers, product managers etc
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UntidyTenant

Morgan Stanley

2 months ago

They're doing just fine
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DarKnight

Stealth

a month ago

Only US based employees got laid off. It comes after the integration of Eleven Labs. Pocket FM is that ship where all Tier 1 pass-outs are hopping onto just like they always do to any trending company. But what they don’t understand is the market is getting saturated, growth is stagnating, retention is poor, competition is growing, competitors with heavy investments are flogging into the market. Branding is heavily being done with the story of capturing the US Market from India. The bubble is soon to burst!
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UnripeJourney

Student

2 months ago

I believe they were impacted too.. just not in 100’s
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CaptEntropy

Startup

2 months ago

Interesting. I got an offer from them so weird why would they layoff after a recent funding round.
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Desidaddy

Sharechat

a month ago

All those writers were hired on contract, not full time roles.
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