Heard about layoffs at Chingari with 50% staff having been let go...how much of it is true ?
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But this worked well in the US
US market has money to spend on these things
looks like it is confirmed- https://inc42.com/buzz/exclusive-chingari-sacks-over-50-employees-in-second-round-of-layoffs/
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...
What’s happening at Swiggy? Which teams are being laid off and how is the process being handled?
Hope not the way Sharechat did.
Read news here: https://yourstory.com/2024/11/freshworks-cuts-13-of-its-workforce-impacting-660-employees
Aaand they are up 5.2% today Investors reacting favourably We're all adults here but capitalism is funny
