Bakra-Eid 
 Employees are the bakras, chop chop

Brand Marketing Manager

Software Engineer

Wolf Gupta CTO announcement (1 person tech team)

Growth Manager

Investor

What’s expected to happen in the townhall tomorrow? Any guesses employees?

Welcome to Indian Startups's Private Community

Byjus

Byjus- Grapevine

Can someone tell what happened in today's townhall by Byju

Byjus townhall meet

Business Development Manager

Welcome to Office Gossip's Private Community

InMobi townhall tomorrow

Tech Lead

Welcome to News Discussion's Private Community

Any gossips or rumours ? Let’s share something

GoTo (GoJek) townhall tomorrow .

Heard from multiple people that with Patrick taking the position of CEO that there are rumors circulating about an upcoming reorg and cost-cutting measures, with a strong emphasis on achieving positive EBIDTA to satisfy investorss. Some redundant products within the GOTO is likely to be merged and some team shuffling to happen.
It is uncertain how much of this information is accurate, and I can't imagine an impact this would have.
Silent layoffs, numerous senior leaders leaving and many actively interviewing is just unsettling.
Ideally, I would prefer to focus on my work and end the day peacefully, avoiding the stress of layoffs and excessive supervision. I hope that tomorrow's townhall meeting will not be awkward or gloomy.

Rumors of reorg at gojek

DevOps Engineer

Byju in his townhall yesterday oversold future and more people will be laid off today. 

It is funny because so many business folks who are adding zero value and doing nothing for years are still there 

Senior engineering leaders who are earning salaries of 2 Cr+ are also still there . Poor low level minions are facing all the brunt

150+ Engineers to be laid off from Byjus Today ( Round 4)

Is anyone aware of anymore layoffs in Gojek. Please also share source of information

Next layoffs in Gojek

are there going to be layoffs again in byjus? If yes then in which department?

Byjus layoffs

Almost one year later of, Gojek CO-CEO Kevin steped down from his role, today GoTo CEO Andre also stepped down from his position.

Now, one of the the primary investor is taking his role of GOTO CEO. Investor being CEO is worrisome 😞 

And this is just 2-3 days after Pune office shutdown and 3rd round of layoff.

Things going terrible at Gojek/GoTo

https://www.linkedin.com/in/patrick-walujo-94a2701 
  
 So a multi billion dollar company with 1000s of employees will now be run by a PE guy who hasn’t built a company on his own? What could go wrong…

Corporate Strategist

Product Manager

By when will BYJUs shut down?

Program Manager

Just wanted to give some updates now that it has been 1 month since the last post

1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 
2) There are more people in the pipeline and will get more clarity by month end.
3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered.
4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs.
5) Senior Management Has been asked to take 20% paycuts. 
6) Even at Junior level, people have been asked to take pay cuts or resign.
7) Lots of tools used in tech are being removed and AWS subscription has also been revised.


Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Rampant Negativity at Yubi Part 2

When will work from office will start at Byjus for software engineers?

Byjus WFO?

30% of engineers will be gone.
50% of higher managenment will be gone.
List contains a total of 80 devs/managers/directors/Vp/CTO from Tech team, reducing the Tech Team size to merely 130.

How does byjus justify their valuation, when there is no value ?

Byjus 6th Round on 4th Dec 🥲

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Rampant negativity at Yubi

Confirmed from credible source. Gojek Pune office is going to be shutdown in May or June. 

All people from Pune office will be layoff and no other option will be provided. 

So all Pune people , start looking out soon.

Gojek Pune Office Shutdown

Will these cash burning companies just continue raising money and biding time or will they implode soon?
Not well informed on this, genuinely want to know how this works
And what happens to their 1000s of employees

What will happen to BYJUs/Sharechat type companies?

Analyst

Earlier used to see a lot of stuff Byju's on GV. Seems like either everyone has left, or they've asked employees to not say anything

Any Byju's employees still around? What's happening there?

Byju's prohibits employees from speaking/providing any info on media platforms

https://www.moneycontrol.com/news/business/startup/byjus-lays-out-new-social-media-policy-for-employees-amid-layoffs-11436691.html

Grapevine Stonk to the moon 🚀🚀

Treasury Manager

Layoffs started in April which are still continuing. CEO says in all hands that reason for many people leaving Yubi is not because of cost cutting, also says they are going ahead with hikes & bonuses.  On last day of June payout when hikes/bonuses were expected HR announces that hike/bonuses will come in July payout. Diplomatically they just told that some people will get 0 hikes/bonuses. They want project to Go-live in 2 months but can't complete hike/bonus process in 2 months ?

Very high chance that they will give zero hikes/bonus to all employees this year.  HR recently started this shoot out thing where names of good performing employees is called out. What for ? Are they giving any benefits to employees? Vacation leaves are reduced. CEO lies openly.

 They just  seem to be making fool of employees.

Byjus

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