Tag Archives: ShareChat

Video-sharing platform ShareChat is the latest technology company linked to Alphabet ‘s Google to cut jobs. The Indian-based start-up said it is laying off around 20% of its workforce. ShareChat was reportedly valued at $5 billion in its latest funding round last year, with backing from Alphabet ‘s (ticker: GOOGL) Google. However, ShareChat said Monday that it was… Source link

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

ShareChat logos are seen in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 30 (Reuters) – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s (GOOGL.O) Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A… Source link

GlobeNewswire Africa Two-Wheeler (Motorcycle, Scooter & Moped) Market, Competition, Forecast & Opportunities, 2025 Dublin, Jan. 04, 2021 (GLOBE NEWSWIRE) — The “Africa Two-Wheeler Market, by Vehicle Type (Motorcycle, Scooter & Moped), by Engine Capacity (up to 125 cc, 126 cc- 250cc, 251 CC- 500 cc and above 500 cc), by Country (Egypt, Nigeria, Kenya, Tanzania, Morocco, Others) Competition, Forecast & Opportunities, 2025” report has been added to ResearchAndMarkets.com’s offering. The… Source link

TipRanks 3 “Strong Buy” Stocks Set for Monster Growth in 2021 We’ve turned a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling ‘21 is gonna be a good year – and so far, so good. The markets closed out 2020 with modest session gains to cap off larger annual gains. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines… Source link