One more startup join the layoff carnival

10% of employees were let go

"Healthtech startup implodes, axes 3/4 of workforce after lavish Series-C funding round! Upper management rewards themselves with director-level promotions, while loyal employees are left in the lurch. In a ruthless move, the company offers a two-month notice period but refuses to provide termination letters, forcing employees to quit and forfeit their rightful severance pay. The very same employees who contributed to the startup's success are now callously discarded, leaving many wondering if greed and betrayal are the new industry standards." Hint - it's amongst one of the biggest emr platform and says doctor first approach.

Employees who are top performers are laid off. Employees who are in a firm for a long time are laid off. Employees who are freshers are laid off. Employees from IIMs/IITs are laid off. Employees who work just to get the job done are laid off. Seniors are laid off. Juniors are laid off Hard working employees who get good ratings and give extra hours are laid off. Bad peforming ones are obviously laid off. Is there anyone who is safe. It's just at the mercy of few decision makers at the top and no matter what you do you will never be safe. Now I understand why parents say that government job is better.

Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company. Sad to see this economy claiming another victim in the form of Meesho.

https://www.businesstoday.in/entrepreneurship/news/story/startup-layoffs-sequoia-backed-smallcase-lays-off-4-employees-374171-2023-03-20

First round happened in March. 130-140 engg. Around 40 engg were fired. Then some silent layoffs happened in different teams like hr. Then Few good enggs left the company. This week another round happened with around 20-25 enggs

One of my close friends is not liking the work in the current company due to the terrible WLB. He is planning to switch to a new company but doesn't want to show this current company experience of 3+ months. Have you ever come across such a situation? What's the best thing to do? If he reveals to the new employer then it won't be good on his resume because the company previous to the current one laid off 50% of employees and unfortunately he got affected too in that layoffs. So, due to tough market conditions he has joined a startup and realised that he can't sustain here for long. Please guide if it's alright not to put the last 3 months experience in the resume and apply for new jobs.

https://www.moneycontrol.com/news/business/startup/info-edge-ventures-backed-1k-kirana-lays-off-40-workforce-to-restructure-business-10359421.html