The startup said that the exercise is necessary “to ensure the long-term sustainability” of the organisation
The tech department would be the worst hit by the layoffs
In October, it was reported that the startup fired 50 employees. Prior to that, it laid off about 200 US-based writers in July 2024
Audio entertainment platform Pocket FM
is undertaking yet another restructuring exercise, which will result in about 75 employees losing their jobs.
The startup said that the exercise is necessary “to ensure the long-term sustainability” of the organisation.
“As part of our commitment to building a more efficient and profitable organisation, we have made the difficult decision to part ways with close to 75 of our valued team members,” a spokesperson of Pocket FM said in a statement.
However, Inc42 has learnt that the number of employees likely to be impacted by the restructuring exercise could be much higher than the number quoted by Pocket FM.
Moneycontrol was the first to report the development. It said that the tech department would be the worst hit by the layoffs.
This would be the second restructuring exercise at Pocket FM within a few months. In October, it was reported that the startup fired 50 employees. Prior to that, it laid off about 200 US-based writers in July 2024.
(The story will be updated soon.)
