Hearing that people are getting laid off over emails.
600 FTEs were let go.
Does anyone actually use Sharechat? Most people heard of this when they saw the firing news. And apparently they were paying astronomical salaries.
Sorry that it's happening.
Sorry to those affected
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...
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...
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
