Layoffs at Sharechat.

This morning, ShareChat laid off twenty percent of it's entire staff. The laid off employees were locked out of their system and received the communication of their lay off in their personal email. This is the biggest layoff by ShareChat so far. Many of the features of the ShareChat and Moj app have been told to shut down and their entire team is fired. The employees are offered 45 days of severance pay, leave encashment, bonus and are allowed to keep their system with them.

I got to know from a outside ( friend of company director ) they are planning for another round layoff Does anyone have any idea on this ?

Hearing that people are getting laid off over emails.

ShareChat’s 62% increase in revenue for FY23, at Rs 540 crore. However, its losses widened 38% to Rs 4,064 crore

Can we please share the companies which are laying off and kind of roles laid off? 1. Goldman Sachs -Consumer Banking 2. Twitter -Marketing If you have any other companies also please post in comments

What’s happening at Swiggy? Which teams are being laid off and how is the process being handled? Hope not the way Sharechat did.

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho to layoff 15% workforce today.

lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?