Koo Layoffs
April 2023
Koo announced a layoff affecting 78 employees (30% of its workforce) in April 2023. The company operates in the Consumer sector.
78
30%
Apr 20, 2023
About
Koo, the Indian microblogging platform and Twitter rival, has laid off approximately 30% of its workforce over the past year, affecting around 78 employees from its total of 260. The three-year-old startup cited the challenging market environment and global economic slowdown as key reasons, stating it needed to adopt a more efficient and conservative approach. Despite the layoffs, which occurred throughout 2023, the company emphasized it provided support to affected staff. Koo, backed by investors like Tiger Global and Accel, noted it is well-capitalized after a recent funding round and is focusing on revenue growth, claiming strong monetization metrics within India's competitive social media industry.
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