Sharechat layoff

This morning, ShareChat laid off twenty percent of it's entire staff. The laid off employees were locked out of their system and received the communication of their lay off in their personal email. This is the biggest layoff by ShareChat...

ShareChat’s 62% increase in revenue for FY23, at Rs 540 crore. However, its losses widened 38% to Rs 4,064 crore

• ShareChat is laying off about 5% of its workforce, marking the second round of layoffs within six months.
• CFO Manohar Singh Charan clarifies that the layoffs are part of the annual appraisal cycle and not a cost-cutting exercise. Sha...

What is the current state of sharechat ?

Last i heard, they were not doing well