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SHARECHAT LAYOFFS
Tech layoffs in 2025: Microsoft, Amazon, Indian startups ShareChat, Pocket FM continue job cutsThe tech layoffs can be attributed to factors including market instability, tightened budgets, and the need to adapt to changing industry c...- ShareChat to lay off another 5% employees to cut costsThe Google-backed vernacular social media firm plans to reduce its total employee count to 500 by March 2025. It had 650-700 employees as o...
- Oyo investors sell stake; TikTok’s US ban explainedHappy Thursday! Early investors in Oyo are in talks with a group of family offices to part-sell their stakes. This and more in today’s ETte...
- ShareChat parent Mohalla Tech reports 33% rise in FY24 operating revenue, 67% fall in Ebitda lossesFor the parent firm of the vernacular social media platform ShareChat and short video app Moj, live streaming contributed 56% to total oper...
- ShareChat valuation drops 60% to under $2 billion post new fundingTwitter and Google-backed homegrown social media firm Sharechat has closed $49 million in debt financing through convertible debentures fro...
- Razorpay, Cashfree eye lost market share, ShareChat’s third round of layoffsWith the PA license in place, both Razorpay and Cashfree have set up "war rooms" with executives from across teams. The aim is to reach out...
- ShareChat cuts 200 jobs in third round of layoffs this yearHeadcount reduction linked to company plan to secure funding based on financial goals
- Homegrown companies on hiring spree as Big Tech sheds talentThough the absolute hiring number is not huge since Indian startups are themselves going through funding woes, the roles span product, grow...
- Interview | Focus is on profitability, growth at all costs never sustainable: ShareChat CEOThe Bengaluru-based firm, backed by Twitter and Snap Inc, has cut its cash burn down by a third compared to the same time last year, ShareC...
- Over 70 Indian startups show exit door to 21K techies, more pink slips comingAs global layoffs deepen, Indian startups are not far behind and have sacked thousands of employees in the past 3-4 months, with many more ...
- ShareChat cofounders Farid Ahsan and Bhanu Pratap Singh to step downSharechat cofounders Bhanu Pratap Singh and Farid Ahsan will step down from their active roles at the social media platform, cofounder and ...
- 'Devastated, shocked': sacked Google employees left distraught as layoffs impact 12,000Google parent Alphabet on January 20 announced that it plans to layoff about 12,000 employees or 6% of its global workforce.
- Recession fears: Tech companies laying off 1,600 workers per day in 2023, and it's increasingThe year 2023 has not been good for tech workers globally as 91 companies have laid off more than 24,000 tech employees in the first 15 day...
- Exclusive: More consumer internet startups like ShareChat, Dunzo, Rebel Foods join layoff waveThe latest developments at ShareChat, Dunzo and Rebel are an extension of what has transpired in the so-called new economy over the last si...
- ShareChat sacks over 500 employees; Paytm Payments Bank gets RBI nod to be Bharat Bill Payment Operating UnitOn Monday morning we reported that ShareChat was set to join the growing list of Indian startups that have laid off employees amid a brutal...
- ShareChat fires about 500 employees in fresh layoffs, CEO says company ‘overestimated the market’For the affected employees at ShareChat’s parent firm, the company is provided a financial package that includes a payout for the notice pe...
- ShareChat lays off 5% of employees, shuts fantasy gaming vertical Jeet11In June, ShareChat had announced a fundraise of $520 million from Google, Times Group and Temasek via multiple tranches. The round helped t...
- UPI market share rules postponed; Amazon plays down India layoffsIn November 2020, the National Payments Corporation of India announced controversial new rules that sought to cap the market share of indiv...
- Layoffs at MPL, FrontRow; ShareChat set for $300M windfallEdtech firm FrontRow and gaming firm Mobile Premier League announced mass layoffs, joining a host of startups that have sacked employees in...
- ShareChat lays off 101 employees as advertising market tanksThe laid-off employees will have the option of taking a ‘garden leave’ of 2 months or half the salary for four months. Garden leave is a pr...
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