Advertising Sales

News if any, shall be put in couple of days

Software Engineer

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 ?

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 ?

Sharechat layoff

Growth Manager

Sharechat layoff- Grapevine

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.

20% layoff at ShareChat

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

Layoffs at Sharechat.

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!

Channel Sales

Welcome to Indian Startups's Private Community

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

Sharechat 3rd layoff

Investor

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

List of companies laying off employees in India

Product Owner

Hearing that people are getting laid off over emails.

Wtf is happening at sharechat?

What is the current state of sharechat ?

Last i heard, they were not doing well

Sharechat status

Software Developer

Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company.

Sad to see this economy claiming another victim in the form of Meesho.

Whoa!!! Meesho also joins the lay-off season

Product Manager

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

Meesho started layoffs !!!!

I don’t understand what the point really was 

- companies with a bad product are still struggling 
- companies with a good product are still growing
- rent in Bangalore, Mumbai is still sky high 
- salaries are still high, people are still asking for more 
- food is expensive as ever 
- stock prices of companies that fired people never really went up 

Someone make any sense or any of this?

Layoffs were a total failure at changing anything

Analyst

Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. 
And this cycle will repeat in 6 month as stated in their mail.

Rebel Foods Layoff

Category Manager

Welcome to Fintech India's Private Community

1. some people are pressured into resigning under the guise of poor performance, despite years of dedication.
2. sudden demand for employees to work from the office on specific days, hinting at wanting people to quit on their own.
3. layoff happening as reported by media (and internal group on grapevine), still unclear on how deep the cut will be can be from 20% or above; numbers are speculative, lets wait and watch, many have started getting the calls from HR; shabbily handled.
4. let's not talk about increments 🤡

🤞🏻 lets see what happens today and in the next few weeks; hope things become better

Here is what is happening at Paytm

Almost in the last round in ShareChat, should I join this considering they had massive layoffs just few months back. I'll be working in the AI/ML position but I don't want to get laid off again lol.


P.S: the job hunting has been wildd till now. It's tough out there PM Folks!

Should I join ShareChat/Moj?

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Layoffs at pinelabs

Product Designer

One more round of layoffs at a Chennai based saas startup

Customer Success

Layoff

Program Manager

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?

Does anyone know what is happening at Gojek?

Unacademy will be laying off 30% of its workforce this week. The list of people who will be laid off has been finalised and received signoff from Gaurav & Roman. 

Sad State of Affairs.

Sharechat layoff

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Unacademy fresh Layoffs 😶‍🌫️