Adani Enterp. 2433.65↓-0.30(-0.01%)
Adani Ports 745.40↑6.60(0.89%)
Apollo Hospitals 4940.10↓-10.10(-0.20%)
Asian Paints 3212.75↑13.00(0.41%)
Axis Bank 968.20↑17.35(1.82%)
B P C L 356.15↓-0.65(-0.18%)
Bajaj Auto 4726.25↑16.20(0.34%)
Bajaj Finance 7113.95↑70.75(1.00%)
Bajaj Finserv 1475.10↑16.20(1.11%)
Bharti Airtel 829.45↓-5.05(-0.61%)
Britannia Inds. 4705.40↑22.80(0.49%)
Cipla 972.05↓-2.75(-0.28%)
Coal India 227.80↓-1.90(-0.83%)
Divi's Lab. 3537.90↑75.60(2.18%)
Dr Reddy's Labs 4636.65↑33.10(0.72%)
Eicher Motors 3705.10↑31.85(0.87%)
Grasim Inds 1766.40↑31.90(1.84%)
H D F C 2635.35↓-9.45(-0.36%)
HCL Technologies 1128.60↓-9.70(-0.85%)
HDFC Bank 1599.40↓-5.00(-0.31%)
HDFC Life Insur. 579.70↑5.55(0.97%)
Hero Motocorp 2904.80↑34.20(1.19%)
Hind. Unilever 2691.15↓-4.65(-0.17%)
Hindalco Inds. 415.55↓-4.15(-0.99%)
ICICI Bank 942.10↓-4.65(-0.49%)
IndusInd Bank 1306.00↑4.20(0.32%)
Infosys 1279.00↓-25.50(-1.95%)
ITC 442.80↑2.15(0.49%)
JSW Steel 712.85↑0.70(0.10%)
Kotak Mah. Bank 1959.05↑34.15(1.77%)
Larsen & Toubro 2277.95↑9.65(0.43%)
M & M 1411.20↑15.80(1.13%)
Maruti Suzuki 9736.20↑154.10(1.61%)
Nestle India 21705.40↓-128.75(-0.59%)
NTPC 175.40↑1.30(0.75%)
O N G C 153.65↓-1.75(-1.13%)
Power Grid Corpn 235.30↓-0.30(-0.13%)
Reliance Industr 2479.35↑2.10(0.08%)
SBI Life Insuran 1223.00↑7.60(0.63%)
St Bk of India 585.35↓-1.85(-0.32%)
Sun Pharma.Inds. 1013.80↑5.05(0.50%)
Tata Consumer 792.10↓-0.35(-0.04%)
Tata Motors 555.75↑9.50(1.74%)
Tata Steel 109.00↓-0.40(-0.37%)
TCS 3232.30↓-56.60(-1.72%)
Tech Mahindra 1086.25↓-23.10(-2.08%)
Titan Company 2881.45↑25.75(0.90%)
UltraTech Cem. 8109.55↑227.55(2.89%)
UPL 694.00↑4.00(0.58%)
Wipro 399.95↓-4.25(-1.05%)

SoftBank-backed InMobi lays off 50-70 staffers, cites performance as reason

Poor performance prompted the company to take this extreme step

Shivani Shinde Mumbai

Softbank-backed Inmobi fires 50-70 employees on performance basis

Premium

Ola started its lay off process of 200 employees at the beginning of this year

2 min read Last Updated : Jan 23 2023 | 12:23 PM IST

SoftBank-backed InMobi has fired about 50-70 people on performance metrics. According to a source, the employees impacted are from InMobi and the firm’s lock screen-based content provider Glance.

This comes even as the company announced that it will skip increments for CY23 and also undertake recruitment only when required. The InMobi group has a total headcount of 2,600.

An email sent to the company asking about the firings and salary increments said, “InMobi / Glance is in the market actively hiring talent for the ambitious plans that we have. We also evaluate the performance of our existing talent on an annual basis and make decisions based on it. This is business as usual for us and part of our annual process. This year is no different.”