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Covid-19 impact: ShareChat sacks 101 employees amid market uncertainties

In an email to employees, the Twitter-backed platform outlined steps it is taking to 'become leaner and position the company better for the future'

Topics
Coronavirus | ShareChat | Lockdown

Agencies  |  New Delhi 

ShareChat
In the past few weeks, a number of tech-led businesses like Uber, Zomato and Swiggy have announced layoffs

Regional language social media company is laying off 101 employees amid market uncertainties due to Covid-19 pandemic.

In an email to employees, the Twitter-backed platform outlined steps it is taking to "become leaner and position the company better for the future".

"We would be saying goodbye to 101 of our ShareChatwasis today...This is a very tough call for us. I hope you understand that we had to do it for the organization to sustain and see it through to the other side of this pandemic," Ankush Sachdeva, co-founder and CEO of ShareChat, said.

In the past few weeks, a number of tech-led businesses like Uber, Zomato and Swiggy have announced layoffs as the Covid-19 pandemic and dried up demand and ravaged businesses.

Earlier on Wednesday, cab aggregator Ola had said it is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 per cent in the last two months due to pandemic.

When contacted, said the global pandemic - along with various local market uncertainties - have had an impact on its business plans.

First Published: Thu, May 21 2020. 01:11 IST
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