Layoffs at ShareChat to affect 600 employees
1 year, 11 months ago

Layoffs at ShareChat to affect 600 employees

Live Mint  

Ltd, which runs the social media platform ShareChat and short video platform Moj, on Monday laid off around 20% of its employees due to “external macro factors” impacting the cost and availability of capital. The affected employees lost access to Slack by 6am and received an email from Sachdeva on their personal email IDs around 8am, a former employee said. For ShareChat, the latest round of layoffs comes after parent company Mohalla Tech shut its fantasy sports vertical Jeet11, laying off close to 115 employees, earlier last month. ShareChat will provide financial packages such as two weeks’ pay as ex gratia for every year served with the company in addition to a notice period salary; impacted employees will retain their laptops and other health insurance benefits till June 2023.

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Twitter to lay off 50 more workers: report
1 year, 11 months ago

Twitter to lay off 50 more workers: report

The Hindu  

Twitter Inc. plans to lay off 50 workers in its product division in the coming weeks, Business Insider reported quoting two people familiar with the company. The layoffs come six weeks after Elon Musk reportedly told staff that there would not be further retrenchment and could reduce the company’s headcount to under 2,000, according to the report. In December last …

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