ShareChat shuts down Jeet11, fires 5% workforce | Mint
26 October 2024
Google and Temasek-backed Mohalla Tech Pvt. Ltd, which runs social media platform ShareChat and short video platform Moj, on Friday announced the closure of its fantasy gaming platform Jeet11, thus, laying off about 5% of its workforce. “As a standard business practice, we periodically evaluate our strategies. We can confirm that we are ceasing operations of Jeet11 and have reorganized some of our functions, which meant movement of this talent within teams and a few employee exits. This process has impacted less than 5% of our employees,” the social media firm said in a statement.
Google and Temasek-backed Mohalla Tech Pvt. Ltd, which runs social media platform ShareChat and short video platform Moj, on Friday announced the closure of its fantasy gaming platform Jeet11, thus, laying off about 5% of its workforce. “As a standard business practice, we periodically evaluate our strategies. We can confirm that we are ceasing operations of Jeet11 and have reorganized some of our functions, which meant movement of this talent within teams and a few employee exits. This process has impacted less than 5% of our employees,” the social media firm said in a statement.
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