Is it happay? Or cred has also started laying off?

Software Engineer

Cred basically trying to get profitable by acquiring profitable startups and doing laying offs in those startups and deploying their own workforce there! 
 I may be wrong! Correct me if I am wrong! #Cred #layoffs

Backend engineer

Analyst

How many people? I don’t think they had 450 people in 1st place

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!

Founder

https://inc42.com/buzz/exclusive-cred-owned-happay-trims-35-workforce/amp/

CRED-owned Happay layoffs 35% of its workforce

CRED-owned Happay layoffs 35% of its workforce- Grapevine

Does anyone know if there are any layoffs happening at Cred? I have heard rumours of the same!

Layoffs at Happay? Which is by Kunal Shah?

Welcome to Indian Startups's Private Community

Paytm layoffs

Product Manager

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 hidden under the guise of mid year appraisals. #PaytmKaro

Layoffs coming up at Paytm

Data scientist

Hi Guys,
The management at Paytm has informed around 30-40 % will be laid off in May end.

I will be affected by Paytm layoffs as list is being prepared.
Any referrals/leads for backend software Engineer(tech stack Scala,Kafka,SQL,AWS ) would be helpful as I had joined Paytm as fresher last year.Total experience will be 1 year in June.

Laidoff by paytm

Software Developer

Post phonepe declined to acquire Zest, following ate the scenarios at Zest : 

1. 33% employees laid off
2. 33% employees were hired at Phonepe
3. 33% employees have jobs at Zest but they are thinking Zest to be a sinking ship so might move away.

ZestMoney layoff scenario

Growth Manager

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-headcount-to-prepare-for-new-economic-reality-details-article-99632767

Simpl Layoffs: 25% of its workforce

It is one of the lesser known Kunal Shah's startup in b2b fintech. How is the work culture and salary? How is the product doing? There were layoffs last year, can it happen again?

Review on Happay?

Reason - the team wants to accelerate timeline to profitability 
To those affected really sorry this community is here for you!

CRED-owned Happay layoffs 35% of its workforce

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