The layoff season is affecting big and small ventures alike. The latest firm to join the layoff spree is entertainment startup Pocket Aces. The startup laid off 50 staff, which is 25 per cent of its workforce, in a bid to reconsider its business strategy and rely on more freelance writers.

“Humans had to take a few difficult but essential measures to keep our organisational structure nimble as well as adaptable,” a corporation spokesman confirmed Your Story.

Pocket Aces, headquartered in Mumbai, has 200 comprehensive staff. People from the commercial organisation, post-production, as well as information team members were impacted by cutbacks.

“We sincerely concern ourselves with the individuals who really are departing one another, and we’re going to assist them with additional funding, continuing health insurance coverage as well as financial support with their transformation,” said the company in the statement. 

“This has been extremely difficult to say a final farewell to a number of our experienced staff friends and colleagues. Nevertheless, we should continue to develop our production systems in order to stay nimble in the midst of shifting viewership choices,” added Aditi Shrivastava, Founder as well as Chief operating officer of Pocket Aces.