ShareChat shuts down its fantasy sports gaming platform Jeet11. The shutdown has resulted in the layoff of 100 employees which is almost 5 per cent of its total workforce. The media reports mentioned that layoffs were mostly from non-tech roles
According to the reports, It is due to re-evaluating the periodical strategies. They have also reorganised some functions which have led to the talent movement to different departments and layoffs for a few.
It was launched in 2020 and was an attempt to make competition for Dream 11, Mobile Premiere League and others.