Now they can be profitable? That’s one non sense move

Product Marketing Manager

Swiggy can do that as well? Why swiggy not doing it @BadNewsboi

Lawyer

Flipkart let go thier SVP via layoffs

Product Manager

Flipkart let go thier SVP via layoffs- Grapevine

Spotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company.

Flipkart may trim rolls by up to 7% in yearly refocus

Flipkart is planning to layoff 7% of its workforce

Research engineer

It has asked people to put down paper voluntary to receive severance pay to make it seem like valuntary resignations and not firing. 

Situation is not great with no hikes this year any way.

All across funding reasons to remove people is the trend right now

Flipkart Shuts Private Label Groceries

Business Development Manager

Is it true that Flipkart has laid off a lot of people recently? Across PM, tech, business roles? Can anyone confirm this?

Layoffs at Flipkart

Welcome to Office Gossip's Private Community

Someone from my connections told that Flipkart have consulted Bain/BCG ( don't remember exactly) and are planning to fire 10% of the workforce

Anyone heard something?

Flipkart Firing?

Analyst 

1-on-1s getting scheduled by end of day, 3-month severance, just announced.

Swiggy lays off 380 in emergency townhall

Got a call from one acquaintance looking for opportunities outside Flipkart  informing me that downsizing discussions are going on amid hiring freeze which is ongoing since last 1 year.

Does anyone have more info on this?

Flipkart downsizing?

Supply Chain Manager

What’s happening at Swiggy?
Which teams are being laid off and how is the process being handled?

Hope not the way Sharechat did.

Swiggy Layoffs

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho started layoffs !!!!

Software Developer

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

Welcome to Indian Startups's Private Community

Happened last week. 

Navi does this half-yearly if not quarterly. Supposed to be performance based but systems and checks are not in place to assure the process is unbiased. 

Myntra - not an organisation which does layoffs much. 

Please shed some light.

Navi & Myntra - layoff or mass resignation???

Investor

If we look at layoff trends in India, then late stage IPO headed startups are doing it to boost profitability, or mid to early stage ones where they're trying to fit into a viable biz model. some mid sized MNCs also did layoffs where they have seen hit to their books.. all in all, crux was similar - to boost efficiency and eliminate redundancy.
Then comes the companies with their support teams in india or US/EU banks and their ops outsourced in India.. i mean if you got friends in these firms you would understand how chillax they're about this.

Take the example of AmEx...there's so much slack in the company, got few friends there and all of them don't work more 4 hours a day and that too most of the work some excel and next to shit level of python/sql while their salary in almost 90-95% of avg market (similar to what top paying startups).. Along with that teams are operating at 150% of strength so wlb is heaven there. story is similar with folks in similar US based support ops in india (citi, jp morgan, mastercard, some service based orgs etc)

but look the irony of overall market.. you should be efficient and scared about your job as long you're into startups and Indian firms but once you make it captive or offshore centres of these US based firms.. you're life is chill, relax, no bad wlb, practically no layoffs. so you won't find these folks scrambling across GV or fishbowl or like that and getting stressed about seeing how other folks feel when one of the closer startups decided to restructure 

(i am frustrated because i once let go a offer of top US fintech company to go for a startup and now all i have is regrets given how the events across startup ecosystem are folding like layoffs across Fk, swiggy etc.. and not only layoffs but in general WLB and culture has taken a huge huge hit ::///// ) well it is what it is i guess then :,)

Layoffs trends in India

Program Manager

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?

Dale Vaz, Swiggy CTO has resigned

Just heard that 1K, an omnichannel grocery startup in gurgaon series B funded by info edge and alpha wave have laid off close to 60% employees and severance package is also not announced yet.

1K Kirana lays off 60% employees

Software Engineer

https://www.moneycontrol.com/news/business/startup/info-edge-ventures-backed-1k-kirana-lays-off-40-workforce-to-restructure-business-10359421.html

1K Kirana 40% layoff 600 ppl

The world economy as we know is stabilizing but its just the US economy that is stabilizing there is a real cash crunch happening at most startups and its effect have started from the last week 


One of the companies in which my friend is working Spyne.ai layed off closed to 20-30 folks across various departments tech, marketing, sales , product, hr and ai their total workforce is around 80 employees

Insider news also states they even fired their chief of product, and its becoming tough to sustain, they even gave esops to employees on a valuation they havent achieved yet during appraisal season 

It was a forced resignation, 2 3 folks were even said leave we wont be giving you any severance.

Yesterday even recieved news off layoffs inside TCS(US), myntra and navi

Even hearing news from zs and paytm that they might start a fresh round of layoffs

Flipkart let go thier SVP via layoffs

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