Bounce layoff

Friend got laid off from Bounce today.

Shopflo laid off 28% of the team today - still don’t understand how this company exists and is hoping to make any money. Having no idea what to do next, they’re desperate to travel to US now to try and capture market there - reminder that this is a market with Fast and Bolt, both massively funded, shut down completely 🤡

Heard that there has been some senior management connect, where in due to financial constraints & lack of new round of funding. Some folks will be asked to leave. This is a complete 360 from the conversation they had in Mar’23 where in an appraisal was on the cards

I’m interviewing with Bounce Infinity for a marketing role. So any from there or friends working there who can say the experience and review ? Online on glassdoor and ambitionbox - many posted on job insecurity and hire/fire policy Lack of direction But want to hear from ppl who worked or know from there

Entire team at media.net is laid off. Whole BU is laid off including analyst & senior PM's.

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Hearing another mass layoffs on the cards at a fintech startup that is into lending, insurance and mutual funds in Bengaluru, which had laid off about 20% in June last year !

Not surprised. They have a shitty model. Probably going to shut this FY or next unless they turn things around 180 degrees and fast. Similar case for others they've mentioned in the article as their competition. https://inc42.com/buzz/exclusive-revenue-based-financing-platform-velocity-lays-off-around-14-workforce/

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)