MediaIN

Chingari Layoffs

June 2023

Chingari announced a layoff affecting 48 employees (20% of its workforce) in June 2023. The company operates in the Media sector.

People Affected

Percentage

20%

Announced Date

Jun 19, 2023

About

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.