Tech News

Chingari Lays Off 20 Percent of Its Workforce as Part of Organisation Restructuring

Short-video-based social media app Chingari has laid off around 60 employees as part of its restructuring plan, the company said on Tuesday.

Sources said that the total number of fired employees constitutes about 25 percent of the Chingari’s total workforce but the company said that it has laid off only 20 percent of its workforce.

When contacted, a Chingari spokesperson said, “We deeply regret the need for these workforce reductions of 20 per cent as a part of Chingari’s organisational restructuring. These were one of the toughest decisions for our management and we understand the impact they have on our employees. We are appreciative of their contributions and commitment to Chingari.” The development adds to the woes for people working in start-ups where a large number of employees are being frequently laid off.

Recently, edtech major Byju’s and controversy-ridden Mojocare laid off around 1,000 and 170 employees respectively.

A social media handle in the name of Gas Lighter appeared after Chingari laid off employees.

The handle sent out tweets about lay-offs at Chingari. It claimed that the company has laid off 60 percent of the total workforce and Slack accounts of several employees have been deactivated to push them towards forced resignation.

The Chingari spokesperson said that the company as part of the severance package is offering two months’ salary to the impacted employees to assist them during the transition and three more months of health insurance coverage.

“Moreover, we are devoted to supporting our impacted employees by providing all-encompassing support, such as career counselling and job placement assistance. Our priorities continue to be streamlining processes, boosting productivity, and matching resources to our long-term growth goals,” the spokesperson said.


The Motorola Edge 40 recently made its debut in the country as the successor to the Edge 30 that was launched last year. Should you buy this phone instead of the Nothing Phone 1 or the Realme Pro+? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.

Source link

KSR

Hi there! I am the Founder of Cyber World Technologies. My skills include Android, Firebase, Python, PHP, and a lot more. If you have a project that you'd like me to work on, please let me know: contact@cyberworldtechnologies.co.in

Related Articles

Back to top button