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Layoffs and rehiring: In May 2020, ShareChat laid off 101 employees. They have since rehired over 50% of the laid-off workforce after the launch of the video platform Moj. In December 2022, ShareChat laid off another 5% of its workforce. In January 2023, ShareChat again laid off 400 employees which was around 20% of its workforce.
Raycom Media. Raycom Media, Inc. was an American television broadcasting company based in Montgomery, Alabama. Raycom owned and/or provided services for 65 television stations and two radio stations across 44 markets in 20 states. Raycom, through its Community Newspaper Holdings subsidiary, also owned multiple newspapers in small and medium ...
Third-party observers claim that the number of daily active users has dropped by 20% after the initial five days, and that there has been a 50% reduction in user engagement. Moreover, the average time spent on the app is said to have decreased from the July 6 peak of around twenty minutes per user to eight minutes on July 10, four minutes on ...
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