Facebook Instagram Twitter Youtube
  • EMPLOYEES RIGHTS
  • PROPERTY RIGHTS
  • FINANCE
  • SALARY
  • TAX
  • EPF
  • JOB
  • Authors and Team
    • Complaint Redressal
    • Contact US
    • Cookie Policy
    • Correction policy
    • Disclaimer
    • DNPA Code of Ethics
    • Fact-Checking Policy
    • Onwership and Funding
    • Privacy Policy
    • Terms of Service
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Rightsofemployees.com
- Advertisement -
  • EMPLOYEES RIGHTS
  • PROPERTY RIGHTS
  • FINANCE
  • SALARY
  • TAX
  • EPF
  • JOB
  • Authors and Team
    • Complaint Redressal
    • Contact US
    • Cookie Policy
    • Correction policy
    • Disclaimer
    • DNPA Code of Ethics
    • Fact-Checking Policy
    • Onwership and Funding
    • Privacy Policy
    • Terms of Service
Home FINANCE Employees Update: Big News! Now this tech company fired more than 100...
  • FINANCE
  • JOB

Employees Update: Big News! Now this tech company fired more than 100 employees

By
Pravesh Maurya
-
December 3, 2022
0
401
Facebook
Twitter
Pinterest
WhatsApp
Telegram
    - Advertisement -

    Due to the fear of recession, many big tech companies of the world are laying off employees. In this episode, India’s domestic social media company ShareChat (Mohalla Tech Pvt Ltd) has shut down its fantasy sports platform called Jeet11 and fired 5 percent of its employees.

    - Advertisement -

    The company has confirmed this on Friday. Sharechat has around 2,200 employees and more than 100 people have been affected by this layoff. The Google and Temasek-backed unicorn said it will continue to hire across all roles and functions.

    Told the layoffs as standard business practice

    Mohalla Tech said in a statement, “As a standard business practice, we evaluate our strategies from time to time. We confirm that we are ceasing operations of JIT11 and we have reorganized some of our functions, which will mean some talent movements within teams and some staff exits. This process has affected less than 5% of our employees.”

    Please tell that ShareChat was founded in 2015 by Farid Ahsan, Ankush Sachdeva and Bhanu Pratap Singh. It launched Jeet11 in February 2020 to compete with popular fantasy gaming platform Dream11, which allowed users to bet on cricket and football matches.

    In the last few days, many tech startups have reduced employees due to funding freeze due to a challenging economy. Earlier this week, news aggregation unicorn Dailyhunt and short video platform Josh’s parent firm VerSe Innovation Pvt. Ltd had laid off 5% of its 3,000-strong workforce.

    Last month, SoftBank-backed edtech unicorn Unacademy laid off 10 per cent of its workforce, or around 350 people, in its third round of layoffs within a year, signaling challenges ahead for the edtech sector.

    - Advertisement -
    • TAGS
    • Employees Update:
    • India's domestic social media company
    • Mohalla Tech Pvt Ltd
    • ShareChat
    • tech company fired
    Facebook
    Twitter
    Pinterest
    WhatsApp
    Telegram
      Previous articleDigital PAN Card Process: Digital PAN card will be made in a few hours through Aadhaar, Know how?
      Next articleIT Department warns these PAN card holders! PAN card holders should do this work before 31.03.2023, otherwise…
      Pravesh Maurya
      Pravesh Maurya
      https://www.rightsofemployees.com/
      Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @[email protected]
      Facebook Instagram Telegram Twitter Youtube

      Related ArticlesMore From Author

      FINANCE

      New Tax Regime: Zero Tax on salary up to ₹19,20,000 in New Tax Regime! see the calculation

      FINANCE

      Pahalgam Attack: Amit Shah in action after Pahalgam attack, gave these instructions to all CMs

      FINANCE

      Driving License Rules: Driving Licence Medical Certificate Mandatory for it after this age, know the rules

      Recent Posts

      • New Tax Regime: Zero Tax on salary up to ₹19,20,000 in New Tax Regime! see the calculation
      • Pahalgam Attack: Amit Shah in action after Pahalgam attack, gave these instructions to all CMs
      • Driving License Rules: Driving Licence Medical Certificate Mandatory for it after this age, know the rules
      • Train Cancelled: Indian Railway cancelled these trains for the month of April-May, check the list
      • Heat Wave Alert: Temperature will reach 42 degrees Celsius, alert issued for these states

      Read More

      New Tax Regime: Zero Tax on salary up to ₹19,20,000 in...

      April 25, 2025

      Pahalgam Attack: Amit Shah in action after Pahalgam attack, gave these...

      April 25, 2025

      Driving License Rules: Driving Licence Medical Certificate Mandatory for it after...

      April 25, 2025

      Train Cancelled: Indian Railway cancelled these trains for the month of...

      April 25, 2025

      Heat Wave Alert: Temperature will reach 42 degrees Celsius, alert issued...

      April 25, 2025

      EDITOR PICKS

      New Tax Regime: Zero Tax on salary up to ₹19,20,000 in...

      April 25, 2025

      Pahalgam Attack: Amit Shah in action after Pahalgam attack, gave these...

      April 25, 2025

      Driving License Rules: Driving Licence Medical Certificate Mandatory for it after...

      April 25, 2025

      POPULAR POSTS

      Public holiday: Govt has declared September 17 as a public holiday....

      September 12, 2024

      School Closed: Govt declares all schools closed till January 15 after...

      December 28, 2024

      Govt Declares December 27 as a Public Holiday…Details Here

      December 26, 2024

      POPULAR CATEGORY

      • FINANCE13169
      • TAX712
      • EPF623
      • JOB217
      • PF149
      • PROVIDENT FUND80
      • PROPERTY RIGHTS52
      • EMPLOYEES RIGHTS49
      ABOUT US
      Rightsofemployees.com brings the Latest News & Top Breaking headlines on Politics and Current Affairs. Up-to-date news coverage, aggregated from sources all over the world by Rightsofemployees.com. Find latest news coverage of breaking news events, trending topics, and compelling articles.
      Contact us: [email protected]
      • Home
      • About us
      • Authors and Team
      • Contact US
      • Cookie Policy
      • Correction policy
      • Disclaimer
      • DNPA Code of Ethics
      • Fact-Checking Policy
      • Onwership and Funding
      • Privacy Policy
      • Terms of Service
      • Complaint Redressal
      © Copyright 2024 - Rightsofemployees.com Izon web Pvt. Ltd. All Rights Reserved. Contact US Izon Web Pvt. Ltd. Hno. 789, Basement, Dlf Phase 4 Sector 43, Gurgaon, Haryana -122009, Call: +91-9110801499, 0124-4941700