Binny Bansal’s xto10x lays off 40% workforce
This comes 2 weeks after the appraisal cycle with 10% standard hike and multiple promotions. The management doesn’t see the macro economic scenario change in next 1 year. Consulting/strategy role referrals would be appreciated.
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Gumnaamhaikoi
Stealth
8 months ago
How many people?
Itachi777
Stealth
8 months ago
Which teams were impacted?
TheOatmeal
Stealth
8 months ago
And here i was dm’ing people for strategy roles in xto10x 🥲
Itachi777
Stealth
8 months ago
From software engg to strategy?
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BearBear
Stealth
8 months ago
Still 6p% let to become 10x from x
BearBear
Stealth
8 months ago
60%*
Indusplateau
Stealth
8 months ago
Saiky ka gyan deta hai bhai.. I don't know how people fall for him.
incognito
Stealth
8 months ago
It was/is a joke business.
I tried to buy their management consulting services advertised all over their site.
They told me they are exclusive to the sequoia portfolio for the entire year (wtf)
Then they tried to sell me OKR software. Waste of time.
Licked sequoias boot and went broke.
Qwerty2398
Stealth
8 months ago
I no longer feel the tech entrepreneurs have any long term plans when they start a new venture. Either they do it because they can raise funds when they're still famous or simply they do it to stay in the news.
People may join these companies out of necessity but any one who stay there for more the 2 years is a either a fool or a psycho.
Mostly recent hires who got fired. The reason given was due to funding winter there aren't enough consulting projects! LoL
That’s true. Founders have become thrifty and are ready to extend timelines of critical projects if it spares up some cash for them.
