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Hike Messenger lays of a quarter of its workforce: Reports

layoffs job cuts fired

Hike Messenger is reportedly laying off 20-25% of its workforce, with a significant portion of the affected employees coming from its two recent acquisitions hardware maker Creo and social networking venture InstaLively. The Economic Times reported that the total number of pink slips could range between 50 and 75 employees across locations. Hike Messenger spokesperson confirmed the layoffs to ET but did not provide exact numbers. “We made a few acquisitions last year that skyrocketed the team size, mostly in Bangalore. We’re integrating and streamlining these teams. Just business as usual,” a company spokesperson told ET. Hike had acquired two startups – InstaLively and Creo last year. The companies were acquired in June and August last year. InstaLively, a platform which enables live video broadcast and was focussed on offering the functionality on low 3G bandwidths through their mobile app.…

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