Is it happay? Or cred has also started laying off?
How many people? I don’t think they had 450 people in 1st place
Et says it’s 15% not 35%
I heard it's 50%
This is the first sign of trouble imo. Usually orgs do layoffs to reduce headcount overhead from acquired organisations because the back lash and PR isn't as negative. But if it isn't controlled, it more or less spills over to the parent company in this case could be Cred laying off if they don't see their bottom-line improving!
Does anyone know if there are any layoffs happening at Cred? I have heard rumours of the same!
Oh the shareholders figured they don’t need to round and change the color of a button every month!
Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week, https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headc...
Heard that Paytm is planning to layoff 10% of entire work force. Across all levels.
Heard cases that folks who were hired at market premium less than 30 days ago are now being asked to leave the organisation.
And the layoffs will be h...
Actually, these are not layoffs. They recently changed their PIP policy and set a " at least 10%" quota for compulsor...