ShareChat layoffs: Social Media Firm sacks less than 5% of its workforce after shutting down fantasy sports app Jeet11
Image Credit: Forbes
Homegrown social media company ShareChat has laid off less than 5 per cent of its employees after it shut down its fantasy sports platform called Jeet11, the company confirmed on Friday. Backed by Twitter, Google, Snap and Tiger Global, ShareChat has about 2,300 employees and the layoff will impact more than 100 people at the company, at a time when nearly every tech firm is restructuring businesses to weather the global economic crisis.