Thursday, April 20, 2023

Koo follows Twitter, cuts 30% jobs

Homegrown microblogging website Koo seems to be following its global peer Twitter in layoffs. The company has reportedly laid off almost a third of its employees in the last year. The company which is touted as Desi alternative to Twitter rival said that it has let go of 30% of its 260-strong workforce over the course of the year. "Like most startups Koo also built in a workforce to account for spikes," a Koo spokesperson told Economic Times in a statement. "Given the current market environment and external realities of a global slowdown, we get affected too."

from Gadgets Now https://ift.tt/DFIHcLY

No comments:

Post a Comment

Proposed GST hike may not shake up used car market much

The proposed GST increase on used small cars will have minimal impact on demand, say analysts. The rise in GST will slightly affect car deal...