ShareChat cuts 20% of its global workforce, 99% layoffs in India

MohallaTech, that operates the social networking and regional content platform ShareChat and short-video app Moj, announced that it has laid off around 20% of its staff. A spokesperson of the company confirmed that this amounts to about 500 job cuts out of a little over 2,200 employed across ShareChat’s offices in India, the US, and Europe. However, 99% of employees affected are in India. 

“Keeping these (external macro) factors in mind, we need to prepare the company to sustain through these headwinds. Therefore, we’ve had to take some of the most difficult and painful decisions in our history as a company and had to let go of around 20% of our incredibly talented employees who have been with us in this start-up journey,” a statement issued by the company said.