Friday, 24 March, 2023

ShareChat Cuts 20% Workforce To "Secure Financial Health, Longevity"

<p>ShareChat has let go of 400 people, or 20% of its workforce. This comes after removing more than 100 jobs in the previous month. The action was taken to &quot;secure the financial health and longevity&quot; of the firm. Over 15 fundraising rounds and over $1B have been raised by the business. For each year they worked for the business, affected workers will get two weeks of compensation in addition to their full wages for the notice period.<br /> &nbsp;</p>