ShareChat Shuts Down Jeet11, Layoff 100 Employees

Sharechat, a social media platform shuts down Jeet 11 a gaming fantasy app which resulted into layoffs for 100 employees

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.

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ShareChat Fantasy gaming application

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