BENGALURU, Jan 16 (Reuters) – India’s ShareChat, a short video-sharing platform backed by Google (GOOGL.O) and Temasek, said on Monday it let go of around 20% of its employees, as startups face increasing pressure from investors to cut costs. “There is a growing market consensus that the current global economic downturn would be a much more sustained one, and we thus have to, unfortunately, seek more cost savings by reducing our team size,” ShareChat Chief Executive Officer Ankush Sachdeva… Source link

By Aditya Kalra BENGALURU (Reuters) -India’s ShareChat, a short video-sharing platform backed by Google and Temasek, said on Monday it let go of around 20% of its employees, as startups face increasing pressure from investors to cut costs. “There is a growing market consensus that the current global economic downturn would be a much more sustained one, and we thus have to, unfortunately, seek more cost savings by reducing our team size,” ShareChat Chief Executive Officer Ankush Sachdeva said… Source link

ShareChat, a short video-sharing platform backed by Google and Temasek, said on Monday it let go of around 20 per cent of its employees at a time when startups are facing increasing pressure from investors to cut costs. “There is a growing market consensus that the current global economic downturn would be a much more sustained one, and we thus have to, unfortunately, seek more cost savings by reducing our team size,” ShareChat Chief Executive Ankush Sachdeva said in an internal memo seen by… Source link

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than 100 roles. The startup informed its employees about the decision on Monday morning. It deactivated access to accounts and wiped out all data of impacted employees, a person familiar with the development told TechCrunch. In December, ShareChat laid off nearly 5% of its… Source link

[unable to retrieve full-text content]Google-backed ShareChat cuts 20% of workforce  Yahoo Finance Source link

Logan Wilson must have known the old “jump and stretch the ball over the goal line” play was coming. We’ve seen it countless times on quarterback sneaks, but rarely has it been defensed as well as Wilson did it on Sunday night. Wilson, a Cincinnati Bengals linebacker, reached up when Baltimore Ravens quarterback Tyler Huntley was about to cross the ball over the goal line in the fourth quarter of a tie AFC wild-card game. Wilson knocked the ball out, then defensive end Sam Hubbard took the… Source link

UFC president Dana White faces significant challenges ahead in navigating the company through 2023. (Photo by Amy Kaplan/Icon Sportswire via Getty Images) It would have been inconceivable at lunchtime on Sept. 8 to think there was even the tiniest bit of concern about the UFC’s position in the sports landscape. It was a juggernaut and it was only growing. It was — and still is — in the midst of a lengthy sell-out streak for full arena shows. It was setting gate records regularly. It was… Source link

UFC president Dana White faces significant challenges ahead in navigating the company through 2023. (Photo by Amy Kaplan/Icon Sportswire via Getty Images) It would have been inconceivable at lunchtime on Sept. 8 to think there was even the tiniest bit of concern about the UFC’s position in the sports landscape. It was a juggernaut and it was only growing. It was — and still is — in the midst of a lengthy sell-out streak for full arena shows. It was setting gate records regularly. It was… Source link

Lamar Jackson wasn’t on the sideline for Baltimore’s playoff game against the Cincinnati Bengals on Sunday. Just before kickoff, NBC’s Melissa Stark reported that Jackson didn’t travel with the team to Cincinnati. Jackson’s absence from the active list was expected. The Ravens quarterback all but ruled himself out on Thursday with his lingering knee injury before Baltimore made it official Friday. His injury didn’t preclude the franchise quarterback from joining his team for a playoff game.

Daily Update Sports Illustrated Latest News: Latest Audio: Latest Free YouTube Video: This Week’s Wrestling Observer Newsletter: The new issue of the Observer is up on the site with these stories: The return of Vince McMahon, the sales talks, and the departure of Stephanie McMahon Who is in charge of running the company right now What Vince McMahon’s role is today How Vince McMahon got back in power A look at different entities who have expressed interest in WWE Can Tony Khan get control of… Source link