Chingari, Indian Short Video App, Implements Layoffs for Restructuring

Indian short video app Chingari has made the difficult decision to lay off 20% of its workforce as part of an organizational restructuring.

Chingari, a popular app in India since the ban of TikTok in June 2020, is facing the challenge of adapting to changing market dynamics and remaining competitive in the social media landscape.

The layoffs were announced by a Chingari spokesperson, who expressed regret over the need for these workforce reductions.

The spokesperson acknowledged the impact on employees, stating, "We deeply regret the need for these workforce reductions of 20% as a part of Chingari's organizational 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."

They have disclosed the severance package offered to the affected employees. Fired employees will receive a severance pay package equivalent to two months' salary. The company aims to recognize the contribution and dedication of the affected employees during this transition.

Furthermore, Chingari is committed to supporting the well-being of the impacted employees. Along with the severance package, the company will provide three months of health insurance coverage to prioritize their health during this challenging time.

To assist the affected employees in their job search, Chingari plans to offer career counseling and job placement assistance. The company is dedicated to providing comprehensive support and resources to help the impacted employees navigate the transition successfully.

While these layoffs present short-term challenges, Chingari is focused on streamlining processes, boosting productivity, and aligning resources with long-term growth goals. The company aims to maintain its position in the Indian market and continue providing an engaging platform for short video content.

Also Read:

• Pine Labs' Qwikcilver partners with Etihad Airways for its Asset Manager solution