Google, Temasek-backed ShareChat cuts 20% employees

Google, Temasek-backed ShareChat cuts 20% employees

ShareChat and stock graph are displayed in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/Files

India’s ShareChat, a short video-sharing platform backed by Google and Temasek, said on Monday it let go of around 20% of its employees, as startups face increasing pressure from investors to cut costs.