Fintech firm laying off
I have recently got laid off from one of the Fintech firms. They have been silently letting off people since last year but the no. Of employees let go have been higher in the past 2-3 months. They have downsized by more than 100 people in the last 8-10 months to avoid PR disaster. Not naming the company but just wanted to know if this is right way to do it both from employee and employer perspective.
majboormajdoor
Stealth
2 years ago
Which Fintech?
majboormajdoor
Stealth
2 years ago
Majorly want to know which area of Fintech is getting affected (due to regulations, macro, rates etc) or is it company specific
Company specific and partly due to the current macroeconomic scenario. Fintech into MSME sector.
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Jethalaal
Stealth
2 years ago
Maybe employees are getting something in return to stay silent. It's a win for employers for sure. Anything to avoid bad PR!
Nope. The usual 2-3 months garden leave with pay. That’s it. But this being done in a stager red manner haven’t raised eyes.
Jethalaal
Stealth
2 years ago
From an employee and culture standpoint phased lay offs crush morale. talent is always on the look out for a new role and in general those that stay behind is because they are unable to find a good role and not because they are good.
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