The short video app was founded by Aditya Kothari, Biswatma Nayak and others became popular after central government banned the viral video app TikTok amid Indo-China tensions.
New Delhi: Indian short video app, Chingari has announced a round of layoffs affecting 20 per cent of its workforce. The Indian Android and iOS-based application said in its statement to IANS, “One of the toughest decisions for our management, and we understand the impact they have on our employees”. It must also be noted that the company’s co-founder, Aditya Kothari, also quit the job two months ago, in May.
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As per the reports, Chingari has fired 50 of its 250 employees in one go but has promised them three months of health insurance coverage as a matter of compensation.
What The Company Said
The spokesperson for the company also said, “We are recognising the contribution and dedication of the affected employees by offering a severance package equal to two months’ salary to assist them during this transition”.
When asked about the impact of the layoff on the employees, the short video app’s spokesperson promised some benefits and said in a statement, “Our priorities continue to be streamlining processes, boosting productivity, and matching resources to our long-term growth goals”.
Moj’s Parent Company, Mohalla Tech’s Layoff
Prior to this, Chingari’s peers Moj’s parent company, Mohalla Tech, had laid off about 115 people after closing its fantasy gaming vertical, and Josh’s parent company, VerSe Innovation, laid off 150 people while announcing company-wide pay cuts for employees earning more than Rs 10 lakh per year, as per a report in Moneycontrol.
Bharat Ka Super Entertainment App
Chingari, which calls itself “Bharat ka Super Entertainment app” is headquartered in New Delhi and is available in 20 languages. The short video app was founded by Aditya Kothari, Biswatma Nayak and others and became popular after the central government banned the viral video app TikTok amid Indo-China tensions.
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It must also be noted that the company raised a major investment from Aptos Labs only a few months back and was planning to enter the club of Unicorns very soon.
