Prakash Ramamurthy, Chief Product Officer of Freshworks, has resigned to pursue another professional opportunity.  He will assist the newly appointed CEO, Dennis Woodside, until October 1 to ensure...

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- Prakash Ramamurthy, Chief Product Officer of Freshworks, has resigned to pursue another professional opportunity.
- He will assist the newly appointed CEO, Dennis Woodside, until October 1 to ensure a smooth transition.
- Chief Financial Officer Tyler Sloat will take on the additional role of Chief Operating Officer.
- The company has also hired Philippa Lawrence as Chief Accounting Officer.
- This resignation follows a series of management changes, including the appointment of Mika Yamamoto as Chief Customer and Marketing Officer and the departure of CTO Shan Krishnaswamy. 

 Source: [Moneycontrol](https://www.moneycontrol.com/technology/freshworks-chief-product-officer-prakash-ramamurthy-resigns-amid-management-rejig-article-12797109.html)

Freshworks’ Chief Product Officer Prakash Ramamurthy Resigns Amid Management Rejig

Journalist

Freshworks’ Chief Product Officer Prakash Ramamurthy Resigns Amid Management Rejig- Grapevine

Welcome to Indian Startups's Private Community

CHRO and CMO at Freshworks have been shown the door. Employees were informed last evening. Surprised it's not out yet in public yet.

"Fresh" exits

What an insane journey this man has had!
feel sad though that FW will now be a fully american company with all senior leaders in america

Mathrubootham will now be spending more time on the long-term product vision, innovation and AI strategy.

Freshworks founder Girish Mathrubootham redesignated as executive chairman, Dennis Woodside takes charge as CEO

Girish  Mathrubootham steps down as Freshworks CEO

Product Marketing Manager

Board has cancelled founders esop options granted at IPO

Freshworks CEO salary cut 😂

Product Owner

- Dennis Woodside, the new CEO of Freshworks, is emphasizing IT services management after his first quarter in charge, succeeding founder Girish Mathrubootham in May 2024.
- Freshworks' IT services business, led by Freshservice, has an annual run rate of $340 million, making up about 50% of the company's revenue.
- The company reported a 20% revenue increase to $174 million for April-June 2024, with net losses flat at $44 million due to ESOP expenses, and maintains a cash reserve over $1 billion.
- Freshworks has revised its 2024 revenue projection to $707-$713 million, driven by higher demand for AI solutions, and aims for $1 billion in revenue by 2026.
- Woodside plans to invest in product and engineering resources for IT and employee experience solutions, and recently completed a $230-million acquisition of Device42 to strengthen its IT services business. 

 Source: The Arc

Freshworks' New CEO Dennis Woodside Sharpens Focus on IT Services

Let's examine a snapshot of the Swiggy Engineering VPs' status from three months ago and compare it to their current situation.

CTO Dale departed just yesterday.
Storefront - Madhu has been promoted to the role of CTO, and we are awaiting the appointment of a new VP.
ATS - Ashish is currently serving his notice period.
MFP - Piyush has left the company, and Soumya has taken on additional responsibilities.
RNG - Nitesh is currently interviewing with other firms.
DIP - Soumya is still performing well in their role.
DevOps - Anurodh is in charge.
Location Intelligence - Pradnya is currently serving her notice period.

One potential reason for their departure is the recent devaluation, which has resulted in an unofficial 50% reduction in the value of the ESOPs. Given the minimal salary increases, unless prompt action is taken by the remaining leadership, this ship will inevitably sink!

PS The engineers at Swiggy are aware of the alternative interpretation of SOS.

Swiggy SOS

yaar pehli baat to ye ki don't assume that everyone knows the meaning of those god damned  abbreviations ....

Data Scientist

Anyone here or has worked in CleverTap .
Know if few people who gave me bad reviews, like the full product team with CPO left in one year during pandemic and lot of senior engineering folks left as well.

Recently saw the CEO left too .
Any reviews

CleverTap reviews ?

Product Manager

After a confirmed research, following resignations are happening at Unacademy, resulting in a massive instability in the organisation

1. CHRO
2. COO
3. CTO
4. VP IT & ADMIN
5. CBO ( JM)
6. HEAD OF OFFLINE CENTERS
7. GENERAL COUNSEL
8. IAS COFOUNDER


Adding to this, following BU's have been shut

1. Content Growth
2. Coheshve 
3. Next Level

TRULY SAD TO SEE THE HOUSE OF CARDS FALLING DOWN.

Series of resignations at Unacademy 👾

Program Manager

Just wanted to give some updates now that it has been 1 month since the last post

1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 
2) There are more people in the pipeline and will get more clarity by month end.
3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered.
4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs.
5) Senior Management Has been asked to take 20% paycuts. 
6) Even at Junior level, people have been asked to take pay cuts or resign.
7) Lots of tools used in tech are being removed and AWS subscription has also been revised.


Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Rampant Negativity at Yubi Part 2

Growth Manager

A subsidiary of Paytm, it has been hit by a string of exits in Senior leadership in last 6 months
CFO: Amit Kapoor, gone
Head of Mutual Funds: Nisharg Golash, gone
Head of Product: Manish Reddy, gone
Head of Growth: Sourav Choraria, gone
Head of Marketing: Divya Chakravarthy, moved internally
Head of Compliance: Sudhendoo Gandhi, moved internally 

You can search these people on LinkedIn to verify.

This is a result of an increasingly toxic work culture where performers are penalized with more work while slackers make merry. This culture is driven from the top with current senior leadership who haven't left the firm have survived by the virtue of sycophancy.

Instead of firing people, they are being asked to resign so that the company is not in news.

I've personally seen this in co's rev teams, a new CTO has been hired from within Paytm. Employees are given 'negative ratings' in appraisal, which the CEO called 'an HR experiment'.

All is not well at Paytm Money

Software Project Manager

Frsh is doing it again. Comment if you know folks who have been affected.

Freshworks Layoff alert.

So again Unacademy has asked people to leave, and asked them to resign.

Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂

And I don't see this stopping at Unacademy anytime soon

They are aching left, right and centre. Still some people are making advt videos with Sachin.

And the nalla has time to tweet and enjoy vacation, I pity the investors who funded them.

100th Layoff round at Unacademy

Welcome to Office Gossip's Private Community

What does it mean for employees if CRO of a listed company sold major chunk of their shares and is looking to exit? 

Should we start looking for new gigs?

CRO to exit. What next?

Sales

After the upcoming layoffs, scheduled for 2nd week of October, probably GM and his little dog will be left 😂

The only individual who will be left after upcoming layoffs at Unacademy

Cleared all the rounds and even sent the HR the documents they asked for. They also said I would have to relocate to Mumbai. However it's been more than a week and they haven't rolled out an offer letter. HR said that since they invested so heavily in IPL, they are trying to reassess their budget for this quarter, that's why it's taking so long.

Should I be worried? I have a feeling that I even if I get an offer they might try to lowball me/lay off later.

Is Upstox running out of funds?

Software Engineer

As informed earlier but many here said it's fake news.

Byjus: Arjun Mohan is the new CEO

then can bring Mahabharat ka arjun along with Sri Krishna, but  the decline of this company  is inevitable.

Consultant

Engineering Manager

Unacademy CFO Subbu has resigned. Shit doesn't seems to stopping any soon for Unacademy.

How many more folks from senior leadership will have to resign before investors throw  Mr Munjal out of the company?

Unacademy CFO Resigns

2 Engineering Director's and a Marketing Director left in last 2 months. 
CTO, CGO, CHRO have put down papers and are leaving soon. 
A Sr. Engg Director has also resigned.
A couple of SDE's joined and are leaving within the month of joining and more older SDE's leaving too.
These are voluntary exits despite the current layoff and downtrend.

Freshworks’ Chief Product Officer Prakash Ramamurthy Resigns Amid Management Rejig

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