SoftBank-backed InMobi lays off 50-70 staffers, cites performance as reason

Poor performance prompted the company to take this extreme step

SoftBank-backed InMobi has fired about 50-70 people on performance metrics. According to a source, the employees impacted are from InMobi and the firm’s lock screen-based content provider Glance.

This comes even as the company announced that it will skip increments for CY23 and also undertake recruitment only when required. The InMobi group has a total headcount of 2,600.

An email sent to the company asking about the firings and salary increments said, “InMobi / Glance is in the market actively hiring talent for the ambitious plans that we have. We also evaluate the performance of our existing talent on an