Sad part, they think everything the founder can do for company, founder's office should do too. 
  
 Bro you got equity, we getting 20k

Consultant

Corporate Strategist

This is cringe tbh at this point. “Competitive Salary of INR 20,000/month”. Just hire EA’s instead.

Welcome to Indian Startups's Private Community

Can Founders just stop

Senior Consultant

Can Founders just stop- Grapevine

Glorified slave hiring

Product Manager

Welcome to News Discussion's Private Community

Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

Layoffs - who do you blame?

Absolutely agreed. Hiring in hordes because money was easily available earlier and founders/companies thought that they will be able to build more and hence get more value / valuation sooner was the core reason why the skill to salary ratio got f’ed up. And it’s good that it’s being reset now. 
  
 Coming to who to blame for layoffs - no one. It’s pure capitalism - there was money, hence there were jobs. For whatever time people got paid a lot more than they deserved - they should be rather thankful. If they built their life around the assumption that this much money was the new normal, it was their naïveté. Companies got to survive, and they have to do whatever has to be done… as long as it’s ethical. Firing is fine. Not paying salaries / dues is not.

Founding Engineer

Software Lead

Welcome to Business Roles's Private Community

I got scammed by one of the leading corporate giants of Bangalore! I’m from IIM Bangalore, I cracked an offer from Agnity.. placement round me itni life changing baatein ki thi board of management ne ki mujhe laga ab toh college se nikalke seedha life set hai! Ghar gadi sabke sapne dekh liye they, it’s been three months now and idhar data entry ke alawa kuch nahi kara rahe merese.. a few of my friends who got selected for other companies are facing the same! I don’t understand jab hume as subordinates hi use karna hai toh campus placements rakhne ka point hi kya hai?

Campus placement rounds are the biggest scams!

Analyst

Hiring for a bunch of roles for an early stage startup. Salaries of people who have been laid off is through the roof

2-3 years experience asking for 30-40l and while we chose not to judge the experience and spoke to a few of them, most of them are not even worth half of the pay. 

Many are jobless since last 2-3 months and none of them are willing to take a paycut of even 5-6L and are willing to stay jobless ( probably have a ton of savings )

Market correction is necessary.

Roles : PM, software engineers, generalists

What's wrong with salaries

If you are paid less, don’t extrapolate it on others. If they are willing to wait, let them. You should keep praying for “corrections”.

I'm unable to understand what sort of entitlement does the leadership hold to ask their employees to work their ass off without any compensation for their efforts.

Like literally bro just said that it's a 7 day work week for the next quarter and fuck your personal life and doesn't even bother to highlight that there would be any gratification for the same.

The mid-senior leadership just acts as pawns and complies with this and in case you highlight this shit show you're fired.

Fuckall Leadership

Make a fake profile on LinkedIn, post this mail there, tag a bunch of people and make this asshole famous. 
  
 Fuck this shit, seriously!

Growth Manager

Please don't consider this type of startup/ founders ever||

La La business 💀

Software Developer

I'm thrilled to share our latest developments in our startup:
 We launched our prototype and it's gaining momentum! Our previous product, currently in stealth mode, has remarkable insights. 
However, the GPU usage costs have skyrocketed.

 Our new goal? To build an AI platform that serves as a cost-effective hub for training AI models. No one's tackling this issue, so we are the first ones to solve this issue. We already have some ties with the microchip manufacturer.

 Here's the thing: While we've been self-funded until now, we're now exploring seed funding. But there's a catch – we're cautious about accelerators and VCs. I have seen them undervalue my mate's company and prioritize quick revenue over steady growth.

So how should we go about it ?

I'll drop an example post for much clearer problem statement.

Exploring Seed Funding Options for Our AI Innovation

Thought's on this statement?

Yes, we should all work 70 hours a week so shareholders can make 70 millions a week and then at the first sign of trouble they can lay off 700 employees a week 😂

Sales

Former Mooofarm Employees allege that the company's founders ignored widespread sales misreporting and misled investors with projections

How Accel-Backed Mooofarm’s Dairy Tech Promise Soured

Another one bites the dust!

What are the reviews on founders office roles, is it really impact creation or just program management? What is the salary range for series a startup founders office role

Founders office role overrated?

What is the ballpark compensation range for the role of the founder's/ceo's office in seed and series afunded startup?

Founders office role compensation

I worked in an Indian startup closely with CXO for last few years. 

They are pathetic in any way possible. Tech is limited to crud, that too doesn't work. The pay amongst their inner circle is in no way justifiable. For reference, I know people getting US pay remotely and that too doesn't come close to some of them.

They hired a guy from a service based company with completely different tech stack and no product experience for 60lpa+ (I know this number because he drunk boasted about this once) as VP just because he was acquaintance. Now, this guy lacked basic human decency and tech skills. He didn't know things as basic as how to use git cli or how to talk to people. Every non-tech person that ever had to work with him called it quit. Even 4-5 year old employees (juniors being exploited mostly) that were there from inspection. He would ruthlessly "harass" them for his own shortcomings.

The head of sales gets paid more than what their profit after margin is.

They just keep on raising based on their IIT/IIM creds and connections and there's no business or problem that they are solving. Even the contracts they seem to winning is rather by pulling the strings, because the product or tech doesn't solve or do anything. Yet they're able to raise more again and again.

It kinda kills me and fills me with so much rage that there are so many of them similar ones out there. I could go on and on about all the things that I had to see working here for years.

My pathetic experience working for years closely with CXO in a startup

Software Engineer

Welcome to Office Gossip's Private Community

I see a lot of people think here that a 3-5 year experience candidate has a right to demand 40-50 lakhs pay.

Is it really the trend now? Am I unaware? I see pay range in 6figr & other websites but don't see the pay scale of 40-50 very often except for full funded startups, MBBs.

What is the reality of pay range by professions for exp 3-5 years?

Salary Discussion

If he gives me ESOPs worth the CEO's shares then sure I would have an entrepreneurial mindset.

According to him we shouldn't care about money

Putting Zypp Electric in Never Apply list

After Narayan Murthy, bhavish Agarwal, sajjan Jindal , Mohandas pai...next joker to fling his hat is Mr. Entrepreneur no. 1 

He is saying that if we work 💯 h then we can become a developed nation soon.

I think they should read Union budget, how government spends and it's mostly on subsidy, freebies and repayment of interest.

Basically, if we slog also then 30-40% of amount will go out as tax and that tax will be spent on useless stuff.

PS - 💯 h working janta will not get any concession in education, health, tourism etc.

Peace out ✌️

Now you can type ur rant after 5pm.

NRN was right, Youth should work 70h/week - Sasta Naval of India (Kunal from cred)

IIT grad here building a venture backed startup. I think 99% of folks here believe that venture backed founders are super entitled and in a much "cosier" position than employees

Just sharing a few facts about our journey so far if it helps anyone improve their perspectives-

1) Paying ourselves 33% of our campus salary & 60% of what we are paying to our employees (Talking about Pure Base Salary here, not including ESOPs)

2) Insane stress - You basically have to raise money to build (esp if its deeptech because of the high fixed costs) and there are predefined metrics you have to always chase, sometimes just beyond yourselves. 

Your product will be copied if it's good because well, they always have more money than you. You work 7 days a week for insane hours, chasing metrics required to be "afloat" 

3) 99% of venture backed startups result in 0 liquidity gain for founders. So basically in all likeliness, everything is for a net negative return compared to if we took the campus job

So, when you wholeheartedly bash founders as if they are sitting On a goldmine while you are toiling for THEIR gold Treasure, just understand that more likely than not, there is not really any gold but rather an irrational hope they are clinging to

Also, Yes-we pay above market to our employees (100% hike for the last one) but the truth is some startups just Can't afford it. And ironically, there is a much higher looking down on these startups with meagurely paid founders rather than giants like Tech Mahindra paying peanuts to their employees while having a 1000% salary hike for the executives. 

Yeah, most startups need to do better but please appreciate if someone is atleast trying to do better because trust me, it's INSANELY HARD.. 

The number of posts I see about Flipkart making hundreds millionaires is way too less than the ones I see about pinpointing at every single mistake early stage startups do & I just wanted to express my opinion on it

Peace!

People way overestimate the life of founders

Oh no poor founders, they have to pay fair salary to their employees.

Can Founders just stop

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