Sudden Layoff Announcement From Top Company!! Get Reason For Decisions Taken By Airmeet: Homegrown virtual events platform Airmeet has laid off around 75 workers, 30 percent of its pool across various departments. The Job cuts expand on IT Companies in India, the US, and Europe. To know the unforeseen layoff from Airmeet check below.
Airmeet which is a virtual summit and meeting platform, complete with a social Chesterfield to give a great networking experience. Lalit Mangal, CEO of Airmeet said that quick-fire commoditization of the virtual event and budget of marketing order led to the resolution. Due to this, the Bengaluru-based startup suffered layoffs in contracts, marketing, technology, and operations departments.
Don’t worry about Layoffs Prepare for Government Job
Supported by Sequoia Capital, the platform lately raised $ 35 million in its Series B backing round from Prosus Gambles, Sistema Asia fund. In an internal Email, with drastically reduced marketing budgets far and wide and the rapid-fire commoditization of the virtual event order, our solid prosecution isn’t yielding the results demanded to sustain a healthy fiscal position.
