
Layoffs 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

They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this...

50 only in tech and product. Apparently the plan is to let go of 15% to 20% workforce!

Why the fuck is it even valued at >1B dollars?