MediaIN

Chingari Layoffs

August 2023

Chingari announced a layoff affecting 0 employees (50% of its workforce) in August 2023. The company operates in the Media sector.

People Affected

Percentage

50%

Announced Date

Aug 24, 2023

About

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.