Pocket Aces Layoffs
February 2023
Pocket Aces announced a layoff affecting 50 employees (25% of its workforce) in February 2023. The company operates in the Media sector.
50
25%
Feb 6, 2023
About
In February 2023, digital entertainment company Pocket Aces laid off 50 employees, representing 25% of its 200-person workforce, as part of a shift to a leaner operating model aimed at achieving profitability. The layoffs, affecting content, production, and post-production teams, are intended to reduce costs and streamline operations, with the company planning to outsource certain functions while focusing more on creator-led short-form content. CEO Aditi Shrivastava stated the move would help Pocket Aces reach operating profit in the 2023-24 financial year, with affected employees receiving financial support, health insurance, and outplacement assistance.
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