Chingari

Bengaluru-based short-video platform Chingari has laid off over 50% of its workforce in a second round of job cuts within two months, reducing its total employees to just 50-60. This drastic reduction follows an earlier layoff of 20% in June and comes amid a severe cash crunch. The company, struggling to secure fresh funding that has been stuck in due diligence, also imposed pay cuts of up to 50% on some remaining staff to cut expenses. The layoffs, which occurred last week, affected teams including product, customer support, design, and marketing, with employees being asked to resign during one-on-one meetings. Operating in the competitive short-video and social media industry, Chingari faces potential shutdown if it fails to raise new capital in the coming months.

Indian short-video app Chingari has laid off approximately 48 employees, representing 20% of its roughly 240-person workforce, as part of an organizational restructuring. The layoffs, which occurred on June 19, primarily impacted the tech team across its Mumbai and Bengaluru offices, coming just weeks after a cofounder's departure. Operating in the competitive media and entertainment sector with a blockchain-based model, the startup offered affected staff two months of severance and extended health insurance. This move reflects broader challenges faced by short-video and cryptocurrency platforms, despite Chingari having secured funding earlier in the year for growth and expansion.