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.