Layoff at Chingari

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.

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

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

Post phonepe declined to acquire Zest, following ate the scenarios at Zest : 1. 33% employees laid off 2. 33% employees were hired at Phonepe 3. 33% employees have jobs at Zest but they are thinking Zest to be a sinking ship so might move away.

Hearing that people are getting laid off over emails.

Heard that massive layoffs are happening and they are exiting the market altogether? Any intel on it

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

Just like last year, this year too... Somehow found out about it via news. There was chatter about it over the last couple of days, but didn't think it could just happen. It's a long weekend now and not even sure when people will be informed :/

I’ve heard some worrying rumours from Indo-based folks about possibility of layoffs in upcoming weeks/months. Does anybody know what’s going to happen or have an inside scoop?