YC cuts ties with Medobed (10 min med delivery). Anyone knows what happened here?

Lol

Has anyone worked here? Heard they are good at some levels. This sounds concerning

There is big layoff 50% in reliance retail - jiomart B2B business. Reasons Very poor management, aggressive hiring, creating business that does not exist, downfall of business. Compensation - Asked people to resign & said to serve notice 90 days. No additional support or benefit.

Don't AMA

https://entrackr.com/2023/07/mojocare-stares-at-shutdown-amid-scrutiny-over-financial-irregularities/

Anything more that has come out or was the furore only for a day or two?

Meesho to layoff 15% workforce today.

As a part of the cost cutting laying off seniors and some juniors( already overworked people are gonna be more overworked now).

- Kenko Health founders Aniruddha Sen and Dhiraj Goel informed employees in June about the company's financial troubles and legal action by a debt investor at the NCLT. - The startup's website and communication channels are currently unresponsive, and its offices in Bengaluru and Mumbai have been closed. - Kenko was close to securing a new domestic investor, but the equity dilution alarmed existing investors, hindering the deal. - Founded in 2019, Kenko raised over $13.7 Mn and aimed to become an insurtech company but failed to secure an insurance license from IRDAI. - The insurtech segment in India is expected to become a $307 Bn opportunity by 2030, with players like Go Digit, PB Fintech, Acko, and Paytm. Source: [Inc42](https://inc42.com/buzz/kenko-health-shuts-ops-due-to-cash-crunch-failure-to-get-insurance-licence/)