Redpanda the streaming data pioneer today announced that ShareChat Indias largest social media company achieved a 70 reduction in cloud infrastructure costs with the help of Redpandas Bring Your Own Cloud BYOC deployment option.
Layoffs in 2023: Paytm s parent company, One 97 Communications, has reportedly laid off over 1,000 employees as part of a cost-cutting strategy, following a realignment of its businesses and recent declines in stock prices.
Layoffs in 2023: As the sun sets on 2023, a stark reality hangs heavy over the Indian tech landscape - downsizing. Over 15,000 employees across nearly 100 startups were handed pink slips this year, a chilling echo of a prolonged funding winter and challenging global conditions.
Social media unicorn ShareChat has laid off 200 employees, around 15 per cent of its workforce, in another round of layoffs this year to reduce costs and achieve profitability within the next six quarters.
In January, Mohalla Tech Pvt Ltd, the parent company of platforms ShareChat and Moj, fired 500 employees, 20 per cent of its workforce.
The same month, company co-founders Bhanu Pratap Singh and Farid Ahsan also stepped down from executive roles.