Generalist

Simple Energy laid off approx 200 people (unconfirmed number as of now) one amongst whom was my friend  On the back of zero deliveries in sept despite raising 165 crores earlier in the year

Simple Energy laid off approx 200 people (unconfirmed number as of now) one amongst whom was my friend

On the back of zero deliveries in sept despite raising 165 crores earlier in the year

Layoffs at Simple Energy Mobility

Layoffs at Simple Energy Mobility- Grapevine

Curious if layoffs are going to start happening in EV/mobility sectors especially after Ola last week. I’m hearing Spinny in the market is next. a friend was asked to start creating KT docs out of the blue and after he asked 4-5 folks from other teams, he found out several others had been asked to too. anyone at Spinny hearing this?
what about you folks at Ather, Hero etc?

Layoffs in mobility sector

Software Engineer

Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week,
https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headcount-to-prepare-for-new-economic-reality-details-article-99632767

Simpl Layoffs: 25% of its workforce

Product Manager

There had been a bloodbath at Hero Vired. Most of the Bengaluru office has been laid off. All this was done very suddenly. They are now hiring in New Delhi. Stay away from this company, its a pack of cards waiting to fall. They will try to hire people telling them about the hero brand name, don’t fall for it, its being run by their most incompetent family member, Akshay Munjal. Stay away and spread the word.

Layoffs at Hero Vired

https://www.businesstoday.in/entrepreneurship/news/story/startup-layoffs-sequoia-backed-smallcase-lays-off-4-employees-374171-2023-03-20

Smallcase layoff 4% (15 ppl)

One more round of layoffs at a Chennai based saas startup

Customer Success

Ola started laying off again. This time they had fired all the freshers of 2022 batch . 
Every 2-3 months we see this situation.

Layoffs at Ola

Software Developer

A good friend of mine who was hired in Ola Electric (on campus 2022) as SDE has been put up on the performance improvement plan / PIP. 

Interesting part is that half of her team was laid off and remaining ones have been put up on PIP. Those on PIP are being asked to also pay for 3 months salary along with the joining bonus.

I don't think giving back 3 months salary and joining bonus is something she should accept? Like they're anyways ruining their career by putting them on PIP in first 10 months of their start of career?

Ola Electric Silent Layoffs

Analyst

they laid off around 30-40% of their strength.

Layoffs in simpl.

Senior Product Designer

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

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

Meesho started layoffs !!!!

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

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Layoffs at pinelabs

Product Designer

There is big layoff 50% in reliance retail - jiomart B2B business.

Reasons
Very poor management, aggressive hiring, creating business that does not exist,  downfall of business.

Compensation -

Asked people to resign & said to serve notice 90 days.
No additional support or benefit.

Layoff in Reliance Retail

Welcome to News Discussion's Private Community

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

Can anyone confirm. Reliance Retail laying of 80% workforce from JioMart.

Reliance Retail Layoff

Business Analyst

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

Reason - the team wants to accelerate timeline to profitability 
To those affected really sorry this community is here for you!

🚨250 people laid off at Meesho

Investment Associate

Waycool is undergoing organisational restructuring, following the footsteps of UDAAN, don’t see any turning point due to the lay offs. One of the worst planned companies I’ve worked for in my 8 YOE.

Layoffs at Simple Energy Mobility

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