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Why do I feel next massive lay off soon will be of Pocket FM

Why do I feel next massive lay off soon will be of Pocket FM- Grapevine

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- Bengaluru-based Pocket FM has let go of around 200 writers for its US-based shows as part of cost optimization efforts.
- The company did not disclose the exact number of layoffs, but sources indicate around 200 contractual writers were impacted.
- A spokesperson stated that these changes are typical in the content creation industry and do not reflect on the company's overall health.
- Despite the layoffs, Pocket FM is in a strong growth phase with robust revenue signals and is accelerating hiring efforts across regions.
- Founded in 2018, Pocket FM raised $103 million in Series D funding in March 2024 and plans to expand into Europe and Latin America. 

 Source: Moneycontrol

Pocket FM Lays Off 200 Writers Amid Cost Optimization Efforts

Journalist

Welcome to Movies & Music's Private Community

Lost my job in Pocket FM layoff. Hold 9 yrs experience working in big GECs & OTTs. Looking for Creative/ Executive Producer role. #newjob

Senior Content Developer

What’s happening inside PocketFM, do they have a roadmap to profitability?

Welcome to Product Managers's Private Community

Any insights into PocketFM? Tech wise, Product wise, Founders, Pay, Culture?

PocketFM

Lawyer

Source: https://the-captable.com/2024/05/pocket-fm-series-middle-america-160-million-arr/

How does Pocket FM have $160Mn ARR... woah 🤯

Product Owner

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How is PocketFM's culture? Looking to join. Media reports show they are doing very well, especially in the US which is very surprising given its very young. What's the secret sauce/catch? 😛

Pocketfm

Policy Researcher

Asking for a friend

Expecting an offer from pocket fm.
Tier 1 MBA, 5.5 yrs of total exp

Is it good to join now? How much can he ask for?

Pocket fm

Strategy & Operations

Spotify is late to the party, but they are letting go 17% which is huge compared to others in one go. 
be careful with similar type of industry. pocket fm, Kuku fm perhaps?

Spotify layoff - 17% workforce

17% is huge, especially this late in the doom cycle  
 It feels like Spotify must be losing market share heavily against Apple Music, YT Music, etc.  
  
 The bundling of different subscriptions always wins over just separate standalone subscriptions

Corporate Strategist

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Product Head

One more amid Layoff News

Software Developer

Heard from multiple colleagues that they could cut Ads and AWA teams in India. Wouldn’t be surprised if this happens on Tuesday or Wednesday just before the earnings calls. 

All the best folks!

Folks this week could be the Amazon Layoffs

Product Marketing Manager

Hey folks, Any info regarding work culture at Pocket FM in the business/category teams? What are the salary levels?

Pocket FM culture & salary

Growth Manager

Welcome to Office Gossip's Private Community

One more layoff !

Looks like planned announcement with Swiggy 🤔

Account Executive

Audio entertainment platform Pocket FM is in discussions for a fresh fundraise which will likely propel it to unicorn league

Pocket FM Eyes Unicorn Tag With Fresh Infusion From ADIA

Pocket FM is raising again after the just announced round? To become a unicorn?

Operations Manager

Welcome to Software Engineers's Private Community

There is rumours that in upcoming week , there is mass layoff at pharmEasy .

Is pharmEasy is doing more layoff.

Folks from PocketFM it’s time to spill some tea.

PocketFM completes its ESOP buyback

I'm currently working in an investment bank as a risk analyst. My manager was abruptly fired today and I was told to manage the work for the time being. I had a talk with my manager and he hinted me that the whole team will he dissolved soon. So what are my options now?

Qualification - Btech + MBA from NMIMS University. 
Sitting for CFA L1 in August. 
Current CTC - 13L
YOE - 1

Why do I feel next massive lay off soon will be of Pocket FM

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