IT company Airmeet lays off 30% of workforce; reasons that CEO's email to employees gives for job cuts

Airmeet, an Indian online meeting and event hosting startup, has laid off around 30% of its workforce, impacting departments including sales, marketing, tech and operations. The Bangalore-based company recently raised $35m in Series B funding from Prosus Ventures and Sistema Asia Fund. Airmeet CEO Lalit Mangal cited reduced marketing budgets and commoditisation of the virtual event category as driving the decision.

from Gadgets News – Latest Technology News, Mobile News & Updates May 29, 2023 at 08:22AM Airmeet, an Indian online meeting and event hosting startup, has laid off around 30% of its workforce, impacting departments including sales, marketing, tech and operations. The Bangalore-based company recently raised $35m in Series B funding from Prosus Ventures and Sistema Asia Fund. Airmeet CEO Lalit Mangal cited reduced marketing budgets and commoditisation of the virtual event category as driving the decision. May 29, 2023 at 08:22AM