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Classplus firing and fraud

It’s hard time for the community with these kind of asshole founders enjoying limelight with articles and media sitting quiet on this. They have fired almost everyone with their crooked and cruel strategy. Lame founders who micro manage and build strategies to fire people. They have a layer of puppets under them and make the whole plan to fire the employees- bhai itna mehnat kyu karte ho yaar, seedha muh pe bol do. They’re burning investor money and despite being productive laying these foundations for firing. Layoff everyone then, those puppets desite taking tons of bad decisions are being protected just because they lick their ass and pound them to be rockstars. They’ve hired hot girls under them for timepass and so called secret parties. Complete BS. I’m still surprised itna karne ke bad they are being celebrated what a country we live in.

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Clarky

Stealth

a year ago

About 7-8 yrs ago, there used to be very good media reports on the startup atrocities and the founders follies. The articles were very detailed with the almost accurate happenings inside the companies. The reporters did not hesitate call out incompetencies and foolhardiness of the cocky new founders. Got to such a stage that startup community almost got its act together for the fear of being publicly called out and being held responsible. While, back then, it looked like the journalists and reporters were being inconsiderate, the companies did get their acts together and there were a lot of good wins! Now, there is no research on internal going ons or such misappropriations. I remember JK being one of the most strong and loud voice in those times. Maybe time to have them come back!!!
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Wblower_23

Stealth

a year ago

True
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u_u

Stealth

a year ago

Worked for an edtech brand, positive PR is almost all paid for. The content team will send them the post word for word.
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Wblower_23

Stealth

a year ago

Very much true. I don’t get why investors don’t care about these? Pretty sure they must be aware of all this. If not then they’re in a dire situation
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u_u

Stealth

a year ago

Investors back the numbers, that’s about it. This is just core business ethics that is completely non-existent in most edtech brands. It’s the lack of need for the product which ends up translating to a lot of questionable selling methods which then trickles into the entire company culture.
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Eternal1

Stealth

a year ago

I have never seen many founders posting so many posts on LinkedIn, how many they have fired? I think they did layoff few months back too
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Wblower_23

Stealth

a year ago

They have been laying off only, more than 500 in the past 4-5 months i guess
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Eternal1

Stealth

a year ago

WTF 🤬 and daily gyaan on LinkedIn How is the new sales/ Marketing officer?
See more comments
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TheOatmeal

Stealth

a year ago

I see they write N numbers of posts on LinkedIn praising Classplus.
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Wblower_23

Stealth

a year ago

Mostly by the fake founders and puppets only.
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explorer42

Stealth

a year ago

Classplus founders are the worst founders I have ever worked with. They exploit you to the core and always plan something behind your back to create conflicts among team members. They just need slaves who execute what they say and for lead positions also they have appointed people like that only. Co-founder Bhaswat is clueless and doesn't know what's happening in the company. I have heard he has erased DB records of users after smoking weed at a party.
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Wblower_23

Stealth

a year ago

WTF! Slaves point is true. hearing a lot from senior leadership - no value for talent, intelligence - you lick and get shit done. Random question is how is no body talking about it? No media is covering anything. They might have purchased/ licked them aswell.
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Clarky

Stealth

a year ago

It’s not just classplus. Same to same happening is another startup too. The secret parties and zero talent people holding on to roles and messing the entire business. Some of the second line leaders salary is so horrendously high and the work they do does not justify even 30% of that salary.
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Wblower_23

Stealth

a year ago

Those are scheduled and fake posts. They even have a calendar for that, they strategies and there are even people working on those content for the posts.
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Indian Startups on

by PerkyHarald7

Classplus

Silent Layoffs in Classplus.

Silent Layoffs in Classplus At its peak Classplus employed about 800 employees which is now down to about 300 but you'd never see this in news because they have been strategically laying off employees on high salaries one by one. Just today 4 people have been asked to leave (that I know of). They very smartly either shift people to textbook and then ask them to leave from there or directly ask them to leave. There's no PIP. The founders are busy with setting up a new college, for some reason. Most of Classplus core business is just flat, people are asked to just maintain the business. It is losing big clients to competition. I don't know what the outlook of the company looks like but it's not looking good.

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Layoffs on

by Wblower_23

Stealth

Classplus firings and lay offs

I’m surprised why isn’t this a news? More than 500 people are fired with crooked strategies planned by founders. With out financial support.

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Layoffs on

by SubtleRefund

Razorpay

Unacademy fires 250 employees to 'turn profitable'

Link: https://inc42.com/buzz/unacademy-fires-another-250-employees-to-turn-profitable/

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Indian Startups on

by Abce

Startup

Massive Layoffs at HealthTech Startup

50% layoff at a Bangalore based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

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Office Gossip on

by AlphaGrindset

Series A Startup

What's a secret from a previous workplace you worked at? 🤫

I know sometimes we refrain from saying too much about our company. But exes can usually be talked about, since there's not much holding back. Maybe it helps someone else avoid a mistake you did, or gain a new learning :p Shoot.

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News Discussion on

by NoisyLook45

Acko

150 fired... how were so many hired without PMF in the first place? Lovely article btw, captures so much about what is wrong with funding and founders

https://inc42.com/features/how-former-zynga-india-head-silently-shut-his-startup-after-slashing-150-jobs/

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Layoffs on

by Lostsouls

Stealth

Regulations around layoff

With the trending culture of layoff I think Indoa needs some regulations around the same. Founders/Companies are harrassing employees & fooling around with employees future. There has ro be a stop. Hike dege hire kiya and 6 month baad fire. People get at survival risk. Families are at stake. Founders ka kuch nahi gaya.

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Indian Startups on

by DingDong

Razorpay

Double faced founders

While the company is doing absolutely poorly and laying off people left right and centre, the two so-called founders are on vacation to the US chilling and hanging out with people. It's a disgrace that the Indian startup ecosystem has founders like them who are busy expanding their social and financial status at the cost of employee wellbeing and mental health. What a disappointment.

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