So people from this team will be included in the ShareChat team. So some employees will have to go out. The company says that this is a decision taken as part of a routine activity. This will affect less than 5 percent of the company’s employees. Sharechat is India’s most popular homegrown social media company. It has 400 million monthly active users across all its platforms. It was started in 2015 by Ankush Sachdeva along with Bhanu Pratap Singh and Farid Ehsaan. Apart from Sharechat, there is also a platform named Moj in this portfolio. The number of monthly active users of the company’s ShareChat app is around 180 million, while more than 300 million people are active on the Mauj app. The company launched Jeet11 in 2020 to compete with fantasy sports like Dream11 and Mobile Premier League (MPL).
Tech News Desk – After large-scale layoffs in companies like Amazon, Facebook-Meta and Twitter due to the fear of recession, now the era of job removal is starting in India. Indian social media app ShareChat has shown the way out to many of its employees. Not only this, the company has also shut down its fantasy sports platform Jeet11. By the way, let us tell you that Mohalla Tech Private Limited operates ShareChat. Those funding this company include companies like Google, Twitter, Snap and Tiger Global. The layoffs by ShareChat come at a time when tech companies across the world are restructuring their businesses. According to the news of the agency, the number of employees of Sharechat is 2300 and about 100 people will be affected by this retrenchment. A company spokesperson confirmed the layoffs. However, the company says that we keep reviewing our business strategies from time to time. The company has shut down the Jeet11 platform. Along with this, some other works have been stopped.