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

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

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.”

Also Read

Swiggy lays off 380 employees, CEO says 'very difficult decision': Report

Swiggy planning fresh layoffs; may cut 8-10% from 6000-strong workforce

Swiggy to give pink slips to over 250 employees in December: Report

Swiggy lays off 380 employees, CEO dubs over-hiring a 'poor judgement'

'Middlemen' Swiggy, Zomato win once again, restaurants bear the brunt: NRAI

Indian fintech start-up funding fell 47% in 2022, says Tracxn report

Facebook co-founder's investment fund closes third series at $2.1 bn

Rise and rise of India's startup story: Growth beyond the funding chill

E-sports in India a lucrative career path in 2023, gamers positive: Experts

VC firm Z3Partners closes Rs 550 cr fund to invest in early-growth startups

First Published: Jan 22 2023 | 6:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to