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A week after Google and Twitter backed ShareChat fired close to 600 employees, the company's CEI Ankush Sachdeva in an internal note to the employees said that co-founder Farid Ahsan and Bhanu Pratap have stepped down from executive roles at the company.
Amid the global uncertainty and massive layoffs, 4 in 5 professionals in India are looking for a new job in 2023, a report showed on Wednesday. 📲 Layoffs: 4 in 5 Professionals in India Looking for New Jobs in 2023 Amid Global Uncertainty and Sackings.
"Managers were sorry to do this but their hand was forced and they wished him the best of luck," the report said, citing inside sources. Another employee was told to arrive at 7:30 am for a call with Goldman counterparts in the Asia-Pacific region. 📰 Goldman Sachs Begins Layoffs, Fires More Than 3,000 Employees After Calling Them for '7:30 AM Business Meetings'.
Even as cold waves grip the national capital and surrounding areas, there's another winter that's 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