ShareChat cuts 20% of its global workforce, 99% layoffs in India

“The trend observed is that startups and unicorns have done mindless hiring without proper HR strategy and manpower planning in place. Now because of economics not working, stagnancy in the market, and fear of recession, companies are firing employees,” said Pratik Vaidya, MD & CVO,  Karma Global, a tech-enabled HR & compliance services company.