Business Standard

SoftBank-backed InMobi lays off 50-70 staffers, cites performance as reason

Poor performance prompted the company to take this extreme step

Softbank-backed Inmobi fires 50-70 employees on performance basis

Ola started its lay off process of 200 employees at the beginning of this year

Shivani Shinde Mumbai
SoftBank-backed InMobi has fired about 50-70 people on performance metrics. According to a source, the employees impacted are from InMobi and the firm’s lock screen-based content provider Glance.

This comes even as the company announced that it will skip increments for CY23 and also undertake recruitment only when required. The InMobi group has a total headcount of 2,600.

An email sent to the company asking about the firings and salary increments said, “InMobi / Glance is in the market actively hiring talent for the ambitious plans that we have. We also evaluate the performance of our existing talent on an

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 22 2023 | 6:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to