Mohalla Tech Private Ltd laid off 500 people, or roughly 20% of its workforce

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Mohalla Tech Private Ltd, the parent company of vernacular content platforms Sharechat and Moj, laid off 500 people, or roughly 20% of its workforce.

It was not immediately clear which departments within the content unicorn had been affected by the layoffs. The news follows the closure of Mohalla Tech’s fantasy gaming platform Jeet11 last month, which resulted in the layoff of 100 employees. Mohalla Tech’s latest round of layoffs brings the company’s total number of layoffs to 600. The parent company of Sharechat and Moj will also extend health insurance coverage until June 30, 2023, and will allow impacted employees to keep work assets such as laptops.

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Mohalla Tech Private Ltd laid off 500 people, or roughly 20% of its workforce

Mohalla Tech Private Ltd, the parent company of vernacular content platforms Sharechat and Moj, laid off 500 people, or roughly 20% of its workforce.

It was not immediately clear which departments within the content unicorn had been affected by the layoffs. The news follows the closure of Mohalla Tech’s fantasy gaming platform Jeet11 last month, which resulted in the layoff of 100 employees. Mohalla Tech’s latest round of layoffs brings the company’s total number of layoffs to 600. The parent company of Sharechat and Moj will also extend health insurance coverage until June 30, 2023, and will allow impacted employees to keep work assets such as laptops.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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