CosmicTaco

Pocket FM Faces Major Layoffs Amid Restructuring

CosmicTaco · 2025-01-17T11:03:48.794880+05:30

- Pocket FM is undergoing a restructuring exercise, leading to around 75 employees losing their jobs, mainly in the tech department. The startup says this move is to ensure long-term sustainability. - This is the second round of layoffs within a few months, following the firing of 50 employees in October and 200 US-based writers in July 2024. - Founded in 2018, Pocket FM, an audio streaming platform, recently raised $103 Mn to expand globally, with significant revenue growth and reduced losses reported in FY24. Source: [Inc42](https://inc42.com/buzz/pocket-fm-to-fire-75-staffers-in-another-layoff-round/)

Pocket FM is undergoing a restructuring exercise, leading to around 75 employees losing their jobs, mainly in the tech department. The startup says this move is to ensure long-term sustainability.
This is the second round of layoffs within a few months, following the firing of 50 employees in October and 200 US-based writers in July 2024.
Founded in 2018, Pocket FM, an audio streaming platform, recently raised $103 Mn to expand globally, with significant revenue growth and reduced losses reported in FY24.

Source: Inc42