Exclusive: A16Z Backed BlueStacks Lays Off 60 Indian Employees

Exclusive: A16Z Backed BlueStacks Lays Off 60 Indian Employees

SUMMARY

BlueStacks has laid off employees across departments, as per sources

The startup is offering a one-month salary as severance pay to the laid off employees

As per Inc42’s layoffs tracker, Indian startups have laid of 11,353 employees in 2022 so far

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. 

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