ShareChat Layoffs: Indian Social Media Firm To Lay Off 5% Employees From Its Workforce as Part of Annual Performance Review

Bengaluru, January 16:슬롯 머신 사이트 추천ShareChat, an Indian social media platform, plans to lay off 5% of employees슬롯 머신 사이트 추천from its workforce슬롯 머신 사이트 추천as a part of its annual performance review. Mohalla Tech-owned ShareChat is backed by tech giants like Google and Temasek. However, as a part of its yearly review슬롯 머신 사이트 추천based on the performance of the employees, the company will reduce some underperforming슬롯 머신 사이트 추천staff members.

Bengaluru-based social media firm has followed the trend of job cuts, as other companies, including Microsoft and Meta, announced job cuts. Reports suggest that the latest round of ShareChat layoffs will impact around 20 to 30 employees.슬롯 머신 사이트 추천By letting go of a few employees, the슬롯 머신 사이트 추천company will focus on improving its operational efficiency and overall profitability.슬롯 머신 사이트 추천Microsoft Layoffs: Tech Giant Lays Off Employees in Security, Sales and Gaming Division Amid Strategic Measures Not Linked to Performance Job Cuts.

Reports said that this is the fourth tech layoff implemented by the social media firm in the past two years. Previously, the company boasted around 2,800슬롯 머신 사이트 추천people in its workforce; however, over time, the company shrunk them to around 550. A ShareChat spokesperson said that the job슬롯 머신 사이트 추천cuts were not related to the financial problems but were part of an annual performance슬롯 머신 사이트 추천review to슬롯 머신 사이트 추천ensure that the company had a high-performing team.슬롯 머신 사이트 추천

Despite슬롯 머신 사이트 추천implementing슬롯 머신 사이트 추천a슬롯 머신 사이트 추천workforce decision,슬롯 머신 사이트 추천the company will슬롯 머신 사이트 추천reportedly hire more people for슬롯 머신 사이트 추천key roles. Mohalla Tech also manages the Moj platform for sharing video content online and conducts two performance reviews a year as a part of efficiency. ShareChat posted reduction losses after EBITDA to 67% at INR 793 crore in FY24, around INR 2,400 crore in FY23. The firm's revenues rose 41% YoY at INR 402 crore for the same period.슬롯 머신 사이트 추천Meta Layoffs: Mark Zuckerberg Confirms Laying Off Around 3,600 Lowest Performing Employees From Global Workforce, Says 2025 To Be 슬롯사이트˜Intense Year슬롯사이트™.

The슬롯 머신 사이트 추천reports suggested that despite laying off some underperforming employees,슬롯 머신 사이트 추천social media firm ShareChat would continue to hire more people and expand its operations. ShareChat recently hired a new CTO (Chief Technology Officer), Nitin Jain, and initiated a 50% expansion of its acquisition marketing team.슬롯 머신 사이트 추천

(The above story first appeared on LatestLY on Jan 16, 2025 05:50 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).