Overall its 27% bro. Remember he said 20% FTE

Software Engineer

Channel Sales

UX/UI Designer

Can anyone from wannabe tiktok confirm its true? Till 3 months ago they were hiring like crazy

Founder

Product Manager

Product Head

Does anyone actually use Sharechat? Most people heard of this when they saw the firing news. And apparently they were paying astronomical salaries.

Hearing that people are getting laid off over emails.

Wtf is happening at sharechat?

Growth Manager

Wtf is happening at sharechat?- 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!

Welcome to Indian Startups's Private Community

What is the current state of sharechat ?

Last i heard, they were not doing well

Sharechat status

Software Developer

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

Welcome to News Discussion's Private Community

Heard they have just few months of runway left. Is this true?

Sharechat in deep trouble

Analyst

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

lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?

How bad are things in Sharechat?

ShareChat: ASK ME ANYTHING

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

Got impacted in the layoff at Sharechat today after working 4+years here.
Got the news an hour back and have not shared this with anyone in my family yet.

I am sad and have to share this news with my fiancee and in-laws today. Tell them why I have to cancel vacation plans and look out for a job instead.

I am into an arranged married and my in-laws are very conservative and don't understand tech work culture, I don't know how they will take the news of a layoff.

I'm anticipating they will be shocked, her asshole brother-in-law will even make fun of me.

To make it worse the fault is mine for believing I won't be laid off when my company was not doing well. I thought it would not happen to me and never looked out in advance.

Fuck 2023. What a shit show Christmas.

Laid off, embaressed and sad

I don’t think you should cancel the vacation.  
  
 My point is - all hiring team members would be out, so nothing will change in hiring spheres.  
  
 But you should face your in-laws and you’ll learn more about them before you tie the knot. Job loss is temporary, getting into a relationship is more longer term.

What’s happening at Swiggy?
Which teams are being laid off and how is the process being handled?

Hope not the way Sharechat did.

Swiggy 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

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

Meesho started layoffs !!!!

Welcome to Product Managers's Private Community

Heard on Twitter that social media app ShareChat is going BUST.

- At ~$42m revenue, it's valued at 120x rev
- ~95m DAU in rural India
- Founders cashed out $10m in secondaries. 

Is this true?

Crisis in ShareChat?

Database Administrator

110/~450 employees getting laid off today. Panic mode in office

Justdial tech employees getting laid off

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?

Zombie startups - Startups that have messed it up already. They are alive but just biting their time. Doom is inevitable for these startups in a few months

I will name a few

Sharechat
Khatabook
Apna
Zepto
Dealshare
Frontrow
Udaan

Please name more. It will help our brothers and sisters to avoid these startups as employers

Wtf is happening at sharechat?

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