Chingari fires 20% of staff, cites organisational restructuring

After co-founder quit the company in May, Chingari has announced a 20% workforce reduction.

Chingari has amassed over 5 crore downloads on the Play Store. (Express image)

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Amid poor macroeconomic projections, tech companies around the world have already fired tens of thousands of employees. Joining these companies now is short-video platform Chingari, which on Tuesday announced that it’s laying off 20% of its workforce as part of a restructuring plan.

The company expressed its regret over the decision and acknowledged the impact it would have on its employees. “These were one of the toughest decisions for our management and we understand the impact they have on our employees. We are appreciative of their contributions and commitment to Chingari,” a company spokesperson told indianexpress.com.

The spokesperson also revealed that the company would offer a generous severance package to the affected employees, including two months’ salary and three months’ health insurance coverage.

Besides the severance package, Chingari also promised to provide additional support to the laid-off employees, such as career counselling and job placement assistance. “Moreover, we are devoted to supporting our impacted employees by providing all-encompassing support, such as career counselling and job placement assistance. Our priorities continue to be streamlining processes, boosting productivity, and matching resources to our long-term growth goals,” the statement added.

Also read | Apple reportedly joins tech layoff club: A look at the latest job cuts in the tech industry

The layoffs come on the heels of Chingari’s co-founder, Aditya Kothari, quitting the company in May 2023.

Following TikTok’s ban in 2020, a number of homegrown alternatives to the sensational short-form video platform proliferated the app stores. Chingari isn’t the first Indian short-form platform that has been forced to cut down its workforce. Previously, Mohalla Tech, the parent company of Moj, another short video app, fired around 115 employees after shutting down its fantasy gaming vertical.