ShareChat Layoffs 2025: Company To Trim 5% Workforce; 'Not A Cost-Cutting Exercise' Say Sources

Google and Temasek-backed unicorn ShareChat is cutting five per cent of its total workforce as a part of the performance review cycle. It is learnt that the move is a part of the company's performance appraisal cycle.

‘Not a cost-cutting measure’ - Sources clarify

According to those in the know, the layoffs were not related to any cost-cutting measures but a measure to maintain excellence and adaptability in a competitive and fast-paced environment.

"We conduct an annual performance appraisal cycle as part of our commitment to fostering a high-performing team. As a standard practice, we make adjustments to align our team with evolving business objectives and suited to meet our goals," a source told Republic Business.

"This exercise is not related to any cost-cutting measures but is a reflection of our ongoing efforts to maintain excellence and adaptability in a competitive and fast-paced environment," the source further said.

ShareChat and the history of layoffs

According to independent estimates, ShareChat has about 530-550 employees and the firm is reportedly trimming 25-30 people from across departments.

In December 2023, the Indian startup had laid off 200 employees. In a statement, the company had said that the move was a part of a 'strategic restructuring'.

"ShareChat today undertook a strategic restructuring as part of its annual planning for the year 2024. The decision reflects the company's commitment to streamlining its cost base and achieving profitability within the next four quarters," ShareChat had then said in an official statement. Prior to that in the same year, ShareChat had trimmed its workforce by 600.