Licious's revenue projection was off by a...mere 50%. As a result 100 ppl lose their jobs.

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days). We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting. We’ll pay 2022 bonuses and remaining vacation time. We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. Outside the US, we’ll support employees in line with local practices.

78 people to get impacted.

https://indianstartupnews.com/news/meat-delivery-startup-licious-lays-off-80-employees-3673070

The Startup that you had an offer from but did not join, and then it went big? (Let's take a word from VCs, how they like to use anti portfolio lists on their sites - cos they got an opportunity to enter but missed)

Just got super curious

in your organisation, who are the people who actually make more than a crore (in cash, ESOP not included). I am trying to validate the stuff I hear from my friends that every other guy in startups is making butt loads of monies and I look around and find even getting a 30-40+ Lacs job is demanding and not flying by the minute

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

15% or close to 200 folks being fired. Reason- revenue per employee to be increased. Revenue not going up so firing employees. Mainly lower level.