Dale Vaz, Swiggy CTO has resigned
There are multiple VPs and Directors leaving in parallel. Is this a mass exodus of senior leadership any indication of the state of the company?
Layoffs are coming in these companies, these type of trends indicate layoffs are coming here
Not necessarily, in some cases it’s just burnout - chasing profitability and operational excellence for years at a stretch. Leaders also have immense pressure to turn around the company, and it takes a toll on everything. The joy of building new is replaced with daily fire fighting, and that’s one reason folks like Instamart Karthik are taking a break.
https://m.economictimes.com/tech/startups/building-instamart-has-taken-a-toll-outgoing-head-of-swiggys-quick-commerce-business-karthik-gurumurthy/articleshow/99135801.cms
Anise Gabriel
Stealth
2 years ago
Yeah, you are right. Chances of them feeling burnout at the same time is far more than layoff possibilities.
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Kendall Carmden
Stealth
2 years ago
Yes, Same is happening in Upstox, Byjus, Unacademy, Fampay and multiple startups
Kalan Nadeen
Stealth
2 years ago
How long before they go bust?
Swiggy is surprisingly a success story, till now. They have 1B in the bank, and strong signals of turning profitable across verticals lately. An IPO is expected next year.
Blair Vernon
Stealth
2 years ago
Zomato a public company is struggling. It obvious that something is not working as planned. If its profitable, the senior leadership will take sabbatical not exit.
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Why is this common now? Big hire after mass layoffs
Swiggy has announced a significant addition to its senior leadership team with the appointment of Ashwath Swaminathan as Chief Growth & Mark...
https://www.medianews4u.com/ashwath-swaminathan-joins-swiggy-as-chief-growth-marketing-officer/