Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’
TechCrunch
JANUARY 15, 2023
In December, ShareChat laid off nearly 5% of its workforce of 2300 employees as a result of shutting down its fantasy sports platform Jeet11. The executive also noted that the startup “overestimated the market growth in the highs of 2021 and underestimated the duration and intensity of the global liquidity squeeze.”
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