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 in last week of the year spoiling the new year plans of hundreds of folks!
Halal krne ke pehle aksar bakre ko khush rakha jata hai
Zibah* not halal
50 only in tech and product. Apparently the plan is to let go of 15% to 20% workforce!
Damnn, Sad to hear that
@Vespa Ah, 15-20% sounds big. I hope you are not impacted?
Sharechat employees send your resume to me. Reach out in comments. I will figure out a way to reach out.
@DeepGrandmom you're hiring at Dunzo? Umm...
Are u hiring at dunzo ? Or joined some other company?
https://techcrunch.com/2023/12/19/sharechat-faces-large-valuation-cut-in-new-funding/
Huge down round now valued at 1.5bn from 4.5bn earlier
@HighMuseum yeah I just read this as well That's quite a reduction in valuation man
And wtf is up with startups - why are LITERALLY all of them raising a round and firing at the same time. It's almost rude.
How are the even valued at 1.5B? Do companies have a separate ad marketing budget for sharechat? Crazy numbers
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...
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’s 62% increase in revenue for FY23, at Rs 540 crore. However, its losses widened 38% to Rs 4,064 crore
110/~450 employees getting laid off today. Panic mode in office
