Growth And Strategy

Yeah they seem to be heavily laying off and shutting down some business

Product Owner

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Journos, are rumours about Classplus true?

Program Manager

Journos, are rumours about Classplus true?- Grapevine

Welcome to Office Gossip's Private Community

I remember reading here last time that they are about to go ‘belly up’ soon - their were multiple senior leadership exits. 

Any news?

Does anybody know what's up at Classplus?

Product Manager

Classplus is falling apart. The CTO, CBO and VP-Business have resigned from the company amidst rumours around financial irregularities. Classplus now joins a long list of Indian startups caught amidst fraud/financial irregularities allegations. Classplus was last valued $600Mn in their last funding round and counts Tiger Global, Falcon Edge, Peak XV (formerly Sequoia India) as their investors.

Classplus is going belly up. Big news to come out soon.

Founder

Project Manager

Edtech startup Classplus unveils second Esop buyback, over 150 employees eligible

Classplus Launches Second Esop Buyback

Software Engineer

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.

Classplus firing and fraud

Growth Manager

Heard rumours that there are mass layoffs in PwC. Is it true can someone confirm?

Layoffs in PwC?

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.

Silent Layoffs in Classplus.

Any reviews on Classplus? I have a job offer. Hearing culture is bad

Heyy guys since this is a platform for all of us to explore the wild secrets of other organizations as well as our own and maintaining complete anonymity at the same time, drop your wildest organisation rumours which later turned out to be true....`in return you get the juciest rumors from others.....
So let it rip!!!!!

RUMOURS WHICH TURNED OUT TO BE REAL

Consultant

Format:

Rumour - keep it as short as you can 
Company Name - Optional 

Go go go go 👇🏽

Craziest workplace rumour ever.

Head Of Growth

Confirmed from credible source. Gojek Pune office is going to be shutdown in May or June. 

All people from Pune office will be layoff and no other option will be provided. 

So all Pune people , start looking out soon.

Gojek Pune Office Shutdown

Have heard some rumours that layoffs are gonna happen at Practo in a couple weeks.

Layoffs incoming

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.

Classplus firings and lay offs

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.

Silent Layoffs in Classplus!

How it happened?
-wifi turned off
-Slack disabled
-Email disabled

Mojocare laysoff their entire staff of around 200+ people

That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I rejected it.

Customer Success

This shit company just doesn’t stop at doing frauds . Such a bunch of thieves and assholes ruining the whole ecosystem especially their founders !

5th case against fraud company Classplus

Heard from multiple people that with Patrick taking the position of CEO that there are rumors circulating about an upcoming reorg and cost-cutting measures, with a strong emphasis on achieving positive EBIDTA to satisfy investorss. Some redundant products within the GOTO is likely to be merged and some team shuffling to happen.
It is uncertain how much of this information is accurate, and I can't imagine an impact this would have.
Silent layoffs, numerous senior leaders leaving and many actively interviewing is just unsettling.
Ideally, I would prefer to focus on my work and end the day peacefully, avoiding the stress of layoffs and excessive supervision. I hope that tomorrow's townhall meeting will not be awkward or gloomy.

Journos, are rumours about Classplus true?

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