- 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