Another Mass Layoff on the cards...
Hearing another mass layoffs on the cards at a fintech startup that is into lending, insurance and mutual funds in Bengaluru, which had laid off about 20% in June last year !
Satoshi_DKBOSE
Stealth
8 months ago
Navi?
Yes it was on the cards when I was there....
They were planning to do it in the dec cycle.
"Winter is coming" was a common thing to hear on lunch breaks 😔
LayMan
Stealth
8 months ago
Lending is going downhill across the board. Just reflective of the where the rates are. Any and every business that calls lending a major business line, will lay off.
Itachi777
Stealth
8 months ago
Why is this happening to digital lending?
MightyLazyGeekStar
Stealth
8 months ago
Don’t think anything is improving till June or even end of the year
Itachi777
Stealth
8 months ago
I heard Navi work environ. Is like a political party. Too much backstabbing and bootlicking
Navi = N.eglecting A.countability, V.eering into I.nequity -
a toxic workplace scenario where office politics overshadow merit, fostering an unhealthy environment detrimental to employee well-being and overall productivity.
I've left navi a while ago and have not been able to post my review on Glassdoor since...
It automatically gets rejected somehow
AcidityHoGayi
Stealth
8 months ago
Navi is famous for toxic workculture. Ola is another one
Idk why would anyone draw attention announcing layoff. Everyone is doing it silently
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Scaler lays off 150 employees to reduce redundancy in roles: Report
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.
https://www.hindustantimes.com/business/scaler-lays-off-150-employees-to-reduce-redundancy-in-roles-report-101712740957366.html