Senior Data Engineer

Name and shame these guys, we should maintain a blacklist of such bad managers and ask them for higher than market salary to risk joining them.

Product Marketing Manager

Program Manager

My friend said this guy was also secretly fired from his post at Zynga. 
  
 Why do people get such golden parachutes?

Investor

I'm not sure why we hate these guys. They startups are  taking money from investors and putting in hands of common man.

Product Manager

There is another ex Zynga India head silently building a gaming startup from India

https://inc42.com/features/howformerzyngaindiaheadsilentlyshuthisstartupafterslashing150jobs/

Welcome to News Discussion's Private Community

https://inc42.com/features/how-former-zynga-india-head-silently-shut-his-startup-after-slashing-150-jobs/

150 fired... how were so many hired without PMF in the first place? Lovely article btw, captures so much about what is wrong with funding and founders

Founder

150 fired... how were so many hired without PMF in the first place? Lovely article btw, captures so much about what is wrong with funding and founders- Grapevine

Welcome to Indian Startups's Private Community

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Founders are not shitposting on the socials, so that’s good I think 😅

Software Engineer

https://entrackr.com/2023/09/rario-burns-through-120-mn-in-15-months-future-looks-uncertain/

Tell me no corruption was involved in this ;)

120 million USD gone in 15 months

Burnt through 60-70 crores per month (average) with 70 employees. Put the best combustion engines to shame.

Software Developer

Can someone share what's going on inside unacademy. What new products are they launching. How good is the traction and runway

Unacademy

Business Development Manager

I don’t understand what the point really was 

- companies with a bad product are still struggling 
- companies with a good product are still growing
- rent in Bangalore, Mumbai is still sky high 
- salaries are still high, people are still asking for more 
- food is expensive as ever 
- stock prices of companies that fired people never really went up 

Someone make any sense or any of this?

Layoffs were a total failure at changing anything

Analyst

People in the firm what is happening? Is this the end of edtech and BYJUs? What went wrong?

Hearing really bad news from BYJUs, firm has silently laid off upto 15-20 K people in months

Growth Manager

What happened with Bukuwarung? They just had a layoff

Welcome to Software Engineers's Private Community

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

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

Data Scientist

Welcome to Product Managers's Private Community

I work as a Product manager at a series A well funded startup.
This company is run by a solo founder/CEO.

This is a wannabe tech and product startup that does not care about their product at all. The internal review meetings get 5 minutes on product and 55 minutes on business and operations on a good day!

All they care about is how to run operations and tech just works on automation instead of building the product for the end user. Every OKR cycle runs for two months where OKRs are set for product but we end up building internal tools because things get "re-prioritised" and operations "can not miss targets".

The worst part is that the strategy changes every 2 months and every week, the CEO keeps adding new "wants". Almost like a baby seeing shiny new toys.
At this stage, the product has become a mess with no identity at all!

This baby always says "But is that even do-able" acts critical and tries to seem smart in front of their employees while lying to the investors and board every other week that we are a tech and product company.

I don't know if this happens at other startups in India. 

Would love to hear what y'all have experienced.

Identifying a Baby founder

You sound like a tech bro, who thinks that only tech runs the world. Huge companies like Tata, reliance etc are built on solid operations and business insights.  
  
 Tech is enabler, if the founder is smart with business and operations, most likely he will make a good business, and unless you start valuing things beyond tech also, you will keep hopping jobs and cribbing why people don’t value you.

Senior Product Manager

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

Third Wave has only 1 year of runway left, with 70% of it's outlets being loss making 🤯

When you compete to serve the top 1% of India, obviously it will end up in losses

Category Manager

Corporate Strategist

I'm a product manager myself and I've been noticing this mentality.

Founders of pre-PMF stage companies, having raised tons of money in the bull market in a last couple of years, have hired tons of resources with no clarity and vision whatsoever.

They continue to ignore they're building a product nobody wants. They barely talk to users. On top of it, they hire Product Managers thinking it's a silver bullet and will solve PMF issues.

It's founders responsibility to figure out PMF and not anybody's else. You need to get in the weeds and not throw money at problems.

It just doesn't end there. These companies with average talent pool and the kind of culture that sets it top-down because of these average founders, expect PMs to own everything and fix everything. Everybody from Tech to Marketing shrugs off from the responsibility expect PMs to tell what needs to be done. This chutiya mindset of 'sit and wait' until a PM tells let breeds more inefficiency as output becomes slower as nobody is incentivised to think and take decisions. Also, everybody enjoys doing what are being told because no consequences if things blow up.

Hire competent people across functions and get involved in product building. It's already too late to fix it if this resonates with you.

PM roles have made startups with average talent pool more inefficient

Unfortunately this is the reality in most companies in the world. It's not just pre-PMF startups.  
  
 That's just how things are in corporate. 
  
 I was lucky to be working in a pre-PMF startup where engineers took more responsibility. And they themselves planned out the tech debt and optimised APIs/queries, etc.  
  
 And I know I'm not gonna find such set of engineers ever again.  
  
 Best thing to do is to make peace with it and do whatever you can to make the best product 😀

Pathetic

Link: https://inc42.com/buzz/unacademy-fires-another-250-employees-to-turn-profitable/

Unacademy fires 250 employees to 'turn profitable'

Pathetic. How many times these so called another layoff?  
 This is pure scam. Such kind of CEOs and CTOs have no right to be at such higher places. These id*ots come to media and give lectures also. There should be some laws in place for layoffs. These People wake up and do layoff. Some get funding and then do layoff and some vice versa. Some fire and then again post about hiring next month shamelessly. It's like a fashion for the. Layoff is no more a last resort these days.  
 These kind of companies will surely go down the drain.  
 CEOs and higher management should be made to disclose their salary and perks so that junior employees should also know how much salary difference is there and is there really a need for cost cutting.  
 Of not, we should atleast stop respecting/ideologise such people. If possible stop using/promoting their products as well. Treat them the way they treat employees.

Operations Manager

Former Mooofarm Employees allege that the company's founders ignored widespread sales misreporting and misled investors with projections

How Accel-Backed Mooofarm’s Dairy Tech Promise Soured

Another one bites the dust!

I'm a Product Manager at a SaaS firm drawing in a CTC of about 18-20 LPA. I'm 22 years old. Is this the standard in the industry?

CTC Check

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. 
Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps".
When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish.
The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees.
My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" 
 
Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Layoffs - A complete mess made by the companies

In your experience, what are some early signs that help detect incoming layoffs at a startup?

 It could be company-wide, team specific or in a particular function only.

Layoffs at startups: Early signs or warning signals

Hiring freeze, decreased marketing spend, founding team retreating away from day to day activities and meetings

150 fired... how were so many hired without PMF in the first place? Lovely article btw, captures so much about what is wrong with funding and founders

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