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Layoffs at ShareChat to affect 600 employees

January 17, 2023
Source: livemint.com livemint.com
News Snapshot:
Mohalla Tech Pvt. 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. This will affect 500 to 600 employees, a person familiar with the development said, asking to remain anonymous. ShareChat employees received an email on Monday morning about the impending layoffs. “We are sharing this note, along with other relevant details, on the personal email IDs of our colleagues who are impacted by this. Those of us reading this on our personal mail IDs...
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