Posted on August 03, 2022
Popular Android emulator platform BlueStacks laid off 60 Indian employees earlier this week, sources told Inc42.
Employees from various departments were informed during a video call on Monday (July 18) that their services were no longer required. The startup cited internal restructuring as the reason behind the layoffs, the sources added. The overall layoff count across various countries could be as high as 120 – 150 employees, people aware of the development told Inc42. Apart from Delhi, BlueStacks also has offices in London, Tokyo, Seoul, and Beijing.
The startup is offering a one-month salary as severance pay to the laid-off employees which also includes medical benefits, as per the sources
Confirming the layoffs, Hue Harguindeguy, CHRO, BlueStacks in a statement told Inc42, “We had doubled in size from 300 to 600 people over the last two years. With the changes in the macroeconomy, we had to realign. We are currently working with the impacted employees to help them find new jobs and roles.”
The company has also confirmed that they have let go of 60 Indian employees.
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