Agri startup Waycool fires 200 employees

Corporate Strategist

Agri startup Waycool fires 200 employees- Grapevine

Welcome to Indian Startups's Private Community

Agritech company, Waycool has again started layoffs majorly from its tech stack called Censa. Censa might see a shut down.
Company laid off 300 employees in September, 2023.

Layoffs at Waycool.

UX/UI Designer

Waycool is undergoing organisational restructuring, following the footsteps of UDAAN, don’t see any turning point due to the lay offs. One of the worst planned companies I’ve worked for in my 8 YOE.

Lay off at Waycool foods and products!! 300 already laid off as of now.

Sales Manager

Welcome to News Discussion's Private Community

- WayCool has initiated another round of layoffs within five months, cutting over 200 jobs to streamline its business operations.
- This marks the third layoff exercise within a year, affecting employees across Chennai, Bengaluru, Hyderabad, and its subsidiaries.
- The company has raised around $300 Mn in total funding, backed by investors like Lightrock, Lightbox, Lightsmith, 57 Stars, and FMO.
- Sources indicate the layoffs are due to financial struggles, including delayed salaries and client payments.
- WayCool aims to achieve profitability by simplifying and automating roles, with plans to complete its bridge round funding by August. 

 Source: Inc42

WayCool Cuts Over 200 Jobs In Another Round Of Layoffs Within Five Months

Journalist

- Aakash Educational Services Limited (AESL) has laid off around 80-100 employees, including senior and middle-level executives.
- The layoffs are part of a shift to a new business model, as confirmed by an AESL spokesperson.
- AESL, acquired by BYJU'S in 2021, has been involved in legal disputes with the edtech giant.
- MEMG chairperson Ranjan Pai has emerged as the largest shareholder of Aakash, holding about 40% stake.
- Despite the layoffs, AESL plans to be net hirers by the end of the year as part of their Aakash 2.0 strategy. 

 Source: [Inc42](https://inc42.com/buzz/aakash-fires-about-80-employees-citing-shift-to-a-new-business-model/)

Aakash Fires 80 Employees Amidst Business Model Shift

Just heard that 1K, an omnichannel grocery startup in gurgaon series B funded by info edge and alpha wave have laid off close to 60% employees and severance package is also not announced yet.

1K Kirana lays off 60% employees

Software Engineer

Fareye fires 90 employee across tech product and sales

Fareye fires 90 employee

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

1K Kirana 40% layoff 600 ppl

Swiggy to cut 8-10% of workforce

Cloud Architect

Bengaluru-based edtech startup Scaler has laid off around 150 employees, or around 10% of its workforce. Here is source

Scaler layoffs: As per the company, it currently has a workforce of around 1,500 employees.

Scaler lays off 150 employees to reduce redundancy in roles: Report

Tech Lead

It was a pretty tense situation at the office. 

Nearly all engineering managers were laid off, most of the SDE-2s who were not the core engineering team and a lot of SDE-1s who had just joined this year. Even the interns were let go today.

Pretty scary scenario today. Just putting out an update. Apparently it was done to please the investors for the next series of funding. Can't say for sure though.

CityMall conducted layoffs today.

DevOps Engineer

Apparently, they help job seekers with career growth and placements

Edtech startup Scaler fires 150 employees

Chartered Accountant

Shopflo laid off 28% of the team today - still don’t understand how this company exists and is hoping to make any money.

Having no idea what to do next, they’re desperate to travel to US now to try and capture market there - reminder that this is a market with Fast and Bolt, both massively funded, shut down completely 🤡

Shopflo layoffs

Investor

Welcome to Software Engineers's Private Community

Thinking of applying for a matching role, can someone please tell about what they have heard about this company

Wayfair company and culture

As everyone knows that zomato is now hiring 800 employees after two months of a mass layoff, and exit of senior profiles like VP and CTO.

Let me tell you the truth about the founder. He is an opportunist. He doesn't give a shit about the culture or any employee. The company is built on the death of many riders and cheating with low-wage workers.

Timing- Isn't it a bit weird that a company that did a mass layoff two months back is now hiring? Seeing that many employees got laid off from the top-tier company. It is a great time to employ smart folks as the hiring competition in the market is at its lowest. Or the mass layoff that happened previously was planned with the thought of hiring again next year with very little competition and desperate candidates. 

Layoff: In zomato, it's hire and fire culture. I have seen many of my friends leave even after performing well. Honestly, sometimes I don't even feel human. It's expected from employees to start their day early and go late at night. If you want to leave early (around 6 or 7), you should have a solid reason for doing that. Here code release happens late at night due to less traffic. So it's expected of you to be available all the time.

Incompetent Managers- I have worked with two managers here. Both know the existing system as they were once an IC building that system. The issue with these people is that they grew up the ladder because they were the only ones left behind in the team. They lack real-world system knowledge. I have previously worked at amazon, and I know the team lead level there. But here it's like jo ruk gaya vo raja hai. It's hard to work with these people as they lack proper estimations of the projects and at the end of the day. The ICs have to face the wrath of the product teams.

People who are planning to join the company. Please do join, as working 24/7 you would learn a lot in a very short period of time. Also, the culture is team dependent, so you might get a team with chill environment.

Reality check at Zomato

Founder

Welcome to Office Gossip's Private Community

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.

Firing at Moglix

Product Manager

- Airmeet has laid off around 80% of its tech team in its third restructuring in 16 months.
- The layoffs also impacted employees from the product and design teams, totaling around 30 employees or 20% of the workforce.
- The restructuring is part of a cost-cutting measure as the startup struggles to increase revenue post-pandemic.
- Airmeet is shifting focus to a new AI-powered product, moving away from its event management platform.
- The impacted employees will receive severance packages based on their notice periods. 

 Source: [Inc42](https://inc42.com/buzz/airmeet-undertakes-another-restructuring-exercise-fires-80-tech-team/)

Prosus-Backed Airmeet Fires 80% of Tech Team in Major Restructuring

Almost 90% of the employees (appx 130) have been laid off with the remaining being absorbed by Affinidi India. Both of them are Temasek funded in-house ventures.

Layoffs at Goodworker!!!

Retention Manager

Amazon is asking voluntarily resignations from its employees.

Amazon internal layoffs

Horrific scenes in the Indian startup ecosystem. From being on the verge of an IPO to raising an emergency round which shall lead to the sudden death of employee ESOPs. Crores of wealth destroyed for the employees.

A chain reaction of horror is about to unfold for late stage startups.

Agri startup Waycool fires 200 employees

Discover More

Indian Startups on

by Aaron Dean

WayCool

Layoffs at Waycool.

Layoffs on

by Matilda Carmden

WayCool

Lay off at Waycool foods and products!! 300 already laid off as of now.

News Discussion on

by Coy Hyrum

Grapevine

WayCool Cuts Over 200 Jobs In Another Round Of Layoffs Within Five Months

News Discussion on

by Jordon Lee

Grapevine

Aakash Fires 80 Employees Amidst Business Model Shift

Layoffs on

by Anise Denver

Stealth

1K Kirana lays off 60% employees

Layoffs on

by Kendall Carmden

Spinny

Fareye fires 90 employee

Layoffs on

by Kalan Lee

Plivo

1K Kirana 40% layoff 600 ppl

Layoffs on

by Kendall Lee

Google

Swiggy to cut 8-10% of workforce

Indian Startups on

by Coy Olive

Pillow Fund

Scaler lays off 150 employees to reduce redundancy in roles: Report

Layoffs on

by Dezi Lee

IDfy

CityMall conducted layoffs today.

Layoffs on

by Kendall Carmden

Stealth

Edtech startup Scaler fires 150 employees

Layoffs on

by Kalan Lee

Stealth

Shopflo layoffs

Software Engineers on

by Kendall Lee

Student

Wayfair company and culture

Software Engineers on

by Matilda Gabriel

Zomato

Reality check at Zomato

Office Gossip on

by Aaron Denver

Razorpay

Firing at Moglix

News Discussion on

by Dezi Carmden

Grapevine

Prosus-Backed Airmeet Fires 80% of Tech Team in Major Restructuring

Layoffs on

by Kendall Dean

Stealth

Layoffs at Goodworker!!!

Office Gossip on

by Kendall Lee

Student

Amazon internal layoffs

Indian Startups on

by Jordon Everett

Stealth

90% downround Pharmeasy

Layoffs on

by Kendall Lee