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Inmobi, India's first unicorn, lays off 50-70 employees on performance metrics

The staffers who have been fired belong to Inmobi, as well as its second business Glance, which provides lock-screen-based content services, a report said, citing sources who are privy to the development.

January 23, 2023 / 06:49 AM IST
Inmobi reportedly informed its workforce in December that it would skip the increment cycle for 2023 (Representative Image: Shutterstock)

Inmobi reportedly informed its workforce in December that it would skip the increment cycle for 2023 (Representative Image: Shutterstock)

India's first unicorn startup Inmobi has sacked 50-70 employees at the start of 2023, citing performance metrics, a report has said, citing a source who is privy to the development.

The employees who have been fired belong to Inmobi, as well as its second business Glance, which provides lock-screen-based content services, said the Business Standard report.

In response to an email sent by the newspaper, Inmobi reportedly said it evaluates the performance of "existing talent on an annual basis and makes decisions based on it". This is "business as usual for us and part of our annual process", the company added, as per the report.

Moneycontrol could not independently verify the development.