I can imagine it like that scene in Billions

Software Engineer

Corporate Strategist

Software Developer

VC Analyst

Product Manager

Livspace is one of the well-known interior decoration companies in India. As far as Livspace raid is concerned, there’s no such information or news about this incident. However, it has come to news that the company has laid off many of their employees. In a statement, the company mentioned that less than 2% of employees were impacted by this plan.

Virat kohli has invested in this right? lol

Verified by employees. People not allowed to leave office

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Income tax raid - Livespace

Business Development Manager

Income tax raid - Livespace- Grapevine

Conduced suspecting potential tax evasion

IT raid at Meghana Biryani Koramangala and Indiranagar

Product Owner

Welcome to Personal Finance's Private Community

Got an email from payroll team that Income Tax dept. has flagged some employees ITR of our org. Seems false claims and deductions. 
Giving one time opportunity to rectify and re file ITR of last 3 years to avoid further action! 

Has this happened to you too or its just me? 
Suggestions? 🥺

Income Tax dept. notified my employer about false claims

Founder’s Office

Employees getting Locked in CodingNinjas Office:

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I was into a founder’s office. Working closely with the leadership team of a funded Agri-tech startup (Which shall strictly remain anon in this post)

Does it happen to others the same way as it did to me?

I was one of the first FOs in the org and I was trying to figure what is up with this startup.

About 21 days in to company, I was helping a co-founder with a report that has to go out to investors.

I open up the metrics dashboard to enter numbers when he said “he knew the figures by heart”, so we began entering metrics like GMV and others. These were 5x of my range.

I said we should just double check ? He said there are factors in the formula that I have not considered at all and I finish the report as per the numbers he gave me.

Confused, I later dared to ask the lead PM how are we computing GMV. And told him about my dilemma to tell the founder we need to just double check his calculations.
Bless my naiveté.

He had a nervous smile and told me we report numbers that keep the startup exciting and afloat. We will catch up very soon with them.

The next morning, the founder also took me for a meeting and explained how doing this is important for everyone in the company to succeed.

I was very scared but lived in an autopilot of nervousness for 6 months. Part-took in it while being scared of going to prison myself.

I felt a terrible dread in my stomach in every interaction with with the admin and CA teams since in my first interaction I came across what I sensed to be a big fake bill. Was I blind to miss everyone in the office get a new chair the last month?

I never asked doubts on the money numbers the CA team gave me. But had reasons to doubt it basis other business data I had access to.

Everyone seemed to be on the same kind of auto pilot, good people who had never done anything wrong before this as far as I knew. Everyone considered leaving the culture and toxicity every week. 

The day I left, I had the email of the investors of the company since I’d emailed them countless decks and reports. I really wanted to drop an anonymous email revealing what I knew to them but I was afraid of the following repercussions to my career and I let the matter go.

Reporting fake GMV and more

Looks like you had a ‘Haat’ time working there

Recruiter

Investment Associate

And now if someone isn't paying taxes because of such disgusting website, will be paying visit to income tax office for next 4 weeks. Seems like tax evasion is the only choice left.

Also I think there are many individuals who can make better website than infosys. Idk why govt is still offering them tenders. Infosys is like Nirmala sitharaman of Indian corporates. Incompetent.

Govt is so unreliable that they can't even loot us properly. You're taking so much taxes atleast make better website to collect it.

One thing for sure BJP is doomed now.

Now income tax website isn't working 🤐 they can't even loot us properly

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The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. 
My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs.

Later, the company did as low an appraisal as 2%.

Senior folks are leaving specifically Frontend Developers.

Salaries of a lot of SDE-2 are below 30 LPA.

They have started new positions called Product Developers which will do the same work as SDEs but with a lesser package. PD-1 salary is around 10-12 lakhs and of Lead PD is 20-22 lakhs.

The company is putting itself in a position where it wants people to leave on their own.

There are almost zero perks in the company. 
The team outing budget is a joke which is 2k INR per person per year. That is 500 rupees per person per quarter. 

Also making office mandatory from November.

Razorpay is too smart!

Good thing. Anyways their frontend devs and PMs were doing everything on Twitter except tech.

So, I joined this company located in Delhi last year from Bangalore as a permanent WFH employee. Initial 6 months were fine, even though I was aware they had pre-installed tracking software called "Teramind" while sending  the laptop! But in the last 3 months the work culture or environment has completely flipped and turned into Toxic.

First they made us install a remote tracking software called "Hubstaff"  which tracks keyboard and mouse activity and time, and takes 4 screenshots every 10 minutes.

Then they made it compulsory 8 hours a day excluding any break like lunch or tea.

This month they tied work hours with Salary and started deducting the entire day's pay even if you are short by like half an hour!  

Almost all employees know they need to leave but are kinda stuck due to the current job market situation.

I'M thinking of quitting without finding another job now, I'm just mentally tired and frustrated with the situation I find myself in. All my emotional energy is spent, I just don't know what to do😞

Toxic Remote Policy

Salesforce Developer

Guys,
Need your help.
My employer has stated that we need to show cheque /neft transfer details in RENT SLIP,cash payment will not be accepted. I pay via cash only. Any suggestions what to do in this situation?
Keep kicking keep rocking grapeviners!

HRA receipt - employer rejecting cash rent paid

Growth Manager

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IT department sending moonlight notices apparently 

https://twitter.com/ravisutanjani/status/1689301324158930945?s=46&t=-Y8gJsKWsnMPnWZzk9ilMQ

Careful if you’re a moonlighter

Hello All, Does Anybody have ideas about the below thing

My company gives fuel reimbursement and if I make alteration to the registered name on my friend's RC duplicate copy for the purpose of tax savings, could there be any potential issues?

Any suggestions are most welcome

Thank you

Income tax raid - Livespace

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