Seems like the ghost of layoffs will continue to haunt major companies in 2025 too. What started with Mircosoft, is moving forward with ShareChat in India. The Google-backed firm is reported to lay off 5% of its workforce as it continues to restructure its workforce. The India-based social media platform is set to have 500 employees starting 2025 which is 30-40 people down from its people strength of 540, as quoted in the reports.
It was only a year ago when ShareChat let go about 40 of its employees following a $16 million debt financing round led by Singapore-based EDBI. This was part of a broader funding round that included $49 million in convertible debentures from existing investors like Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures, and HarbourVest.
This news has come within a few days of Microsoft’s latest round of layoffs, which impacted less than 1 per cent of its workforce. While this set of job cuts did not include the team in India, it primarily targeted junior-level employees and those considered low performers. This trend reflects the company’s strategic emphasis on retaining and nurturing high-performance talent while streamlining operations.
Ink Dive: Microsoft India Shielded from Layoffs Amid New AI and Cloud Investments as Confirmed by Puneet Chandok
ShareChat is a decade-old firm founded by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ehsan. It is an Indian social media platform that has gained significant traction, particularly for users in non-English speaking regions of India.
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