Sharechat Layoffs News Today

With 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 to as many waitlisted merchants as possible and convert them into clients.

Vernacular social media platform ShareChat on Wednesday executed another round of layoffs. This and more in todays ETtech Top 5.

The 15% headcount translates to about 200 employees at the firm backed by the likes of Google and Temasek Holdings, ET has learnt.

ShareChats valuation was cut by around $3.4 billion in the span of a year, and the firm has laid off over 800 people in 2023.

ShareChat, an Indian social networking startup, has been having trouble since this fiscal year when its valuation was slashed by more than half.

Mohalla Tech CFO Manohar Charan said the company is looking to cut its losses to below Rs 1,000 crore in the ongoing financial year as it rationalises costs across key businesses like ShareChat and its short-video platform Moj.

Priyanka Chakraborty shared her story on LinkedIn, expressing her mental exhaustion after applying to numerous companies in the last two months without success

Microsoft To Layoff Over Thousands Of Employees Today Across Divisions: Report -- aaa

ShareChat Layoff: Social media platform ShareChat has let go of 20 percent of its staff, saying it needs to prepare the company to sustain "several external macro factors that impact the cost and availability of capital".

Even as cold waves grip the national capital and surrounding areas, theres another winter thats majorly concerning the startup ecosystem -- the funding winter. Many homegrown startups are forced to lay off their employees because of a lack of funding. Bengaluru-based ShareChat (Mohalla Tech Pvt Ltd) has also laid off 20 per cent of its workforce citing uncertain market conditions. -- aaa