They have been targeting employees to leave by pushing them by asking them to come to office even when sick or to please the CEO. Already 30-40 core people have left and now fired the rest.

You’re saying this for -  Velocity, which gives loan for D2C brands right ? In HSR, Bangalore..

Consultant

Product Manager

This company culture is worst. There were total approx 150 employee. Due to bad culture 30 people already put papers. And now this 20%. Founders always says they have 4 years of runway.

Software Engineer

When I was there it was 4 years. They updated it later.

Anyone from product team that was laid off?

Yes, few are already resigned due to bad culture. Director of product is also laid off.

Product Designer

Heard 20% of workforce is laid off in velocity this week.

Layoffs in Velocity ?

Layoffs in Velocity ?- Grapevine

Welcome to Indian Startups's Private Community

Not surprised. They have a shitty model. Probably going to shut this FY or next unless they turn things around 180 degrees and fast. Similar case for others they've mentioned in the article as their competition. 

https://inc42.com/buzz/exclusive-revenue-based-financing-platform-velocity-lays-off-around-14-workforce/

Layoffs at Velocity

Generalist

Does anyone how is velocity as a startup? Any idea?

Velocity startup - does anyone know?

Can someone share what's going on inside unacademy. What new products are they launching. How good is the traction and runway

Unacademy

Business Development Manager

Layoff

Program Manager

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

Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?

Rapido layoffs

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

Software Developer

Firing at Automation Anywhere. As per manager almost 25% of the workforce has been laid off.

Firing at Automation Anywhere

My friend told me that Quantive laid off 57 people (16% of company)  today as part of their restructuring exercise.

Majority people are laid off from revenue,GTM and marketing streams.

Layoffs at Quantive (GTMhub)

Senior Product Manager

Paytm layoffs

Welcome to Office Gossip's Private Community

Does anyone know something about how Dealshare is doing, the folk founders and culture there etc? Am interviewing there and would like to know more

Any thoughts on Dealshare?

Is there any recent layoff at Simpl
Seeing many people posting for open to work

layoff at Simpl ?

Corporate Strategist

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

Swiggy lays off 380 in emergency townhall

They fired almost 50% of the workforce

Aug 2022: 20%
Nov 2022: 22%
Feb 2023: 7%

Leaders lie about not having anymore layoffs and they also ensure that we can’t talk about layoffs if we want the severance via NDA.

Affected in Turing layoff number 3

Analyst

https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams

Indeed laid off 15% 2,200 ppl

PayU India had a silent layoff

Lead Data Scientist

Zoom layoffs 1300 or 15% employees on tuesday.

Zoom layoff 1300

Livspace layoff 2% or 100 employee. Majorly from tech, product, content and marketing.

Livspace layoff 100

Layoff @ Licious

Welcome to Software Engineers's Private Community

Heard that on 29 may, list of laid off employee will be released... is that true? I have no strong source to confirm this tho

Layoffs in Velocity ?

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