CRED-owned Happay layoffs 35% of its workforce
https://inc42.com/buzz/exclusive-cred-owned-happay-trims-35-workforce/amp/
Cred basically trying to get profitable by acquiring profitable startups and doing laying offs in those startups and deploying their own workforce there!
I may be wrong! Correct me if I am wrong! #Cred #layoffs
Jobvo
Student
a year ago
How many people? I don’t think they had 450 people in 1st place
MetalMan20
Stealth
a year ago
This is the first sign of trouble imo. Usually orgs do layoffs to reduce headcount overhead from acquired organisations because the back lash and PR isn't as negative. But if it isn't controlled, it more or less spills over to the parent company in this case could be Cred laying off if they don't see their bottom-line improving!