Layoffs are happening at Sharechat starting today. Each division is being asked to join a call and they are being announced. First call with product org - around 50 folks were impacted
They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this in last week of the year spoiling the new year plans of hundreds of folks!
Halal krne ke pehle aksar bakre ko khush rakha jata hai
Zibah* not halal
https://techcrunch.com/2023/12/19/sharechat-faces-large-valuation-cut-in-new-funding/
Huge down round now valued at 1.5bn from 4.5bn earlier
@HighMuseum yeah I just read this as well That's quite a reduction in valuation man
And wtf is up with startups - why are LITERALLY all of them raising a round and firing at the same time. It's almost rude.
How are the even valued at 1.5B? Do companies have a separate ad marketing budget for sharechat? Crazy numbers
