Indian Startup Chingari Joins Layoff Trend

Chingari, an Indian startup, has become the latest company to cut jobs, with close to 20% of its workforce impacted in the organisation. The layoff comes as part of the company’s organisational restructuring and follows co-founder Aditya Kothari’s exit. Chingari currently employs approximately 248 people, meaning nearly 48 jobs will be eliminated. We deeply regret the need for these workforce reductions of 20% as a part of Chingari’s organisational restructuring. 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, said the company in a statement. Chingari has pledged to provide support to affected employees, offering all-encompassing assistance to help them find new jobs.
 
The support will include career counselling and job placement assistance, as well as severance packages equal to two months’ salary and three more months of health insurance coverage. Despite the layoffs, the crypto-based startup has recorded significant commercial growth. According to data from last year, Chingari has more than 160 million users in over 15 languages. The company’s crypto token, GARI, is also helping power India’s only blockchain-based social infotainment platform. In October 2021, Chingari raised over $19m for its token round across more than 30 venture funds and individual investors. 
 
The layoffs will be a challenging time for those affected by the restructuring, but Chingari’s support packages will provide much-needed help and cushioning during the transition.