Layoffs in simpl.
they laid off around 30-40% of their strength.
baffledwaffle
Stealth
a year ago
Most fintech companies, especially BNPL are one circular (from the RBI) away from shutting down.
True. Simpl and LazyPay still operate in grey areas and just 1 RBI regulation away from being impacted. Also RBI regulations last year caused Slice to change their whole business model
Gokart
Stealth
a year ago
What’s the grey area they are operating in ? They pay the merchant directly right at checkout and earn a commission from that.
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They followed suit with ZestMoney I guess. They had layoffs last week and removed 25% junior roles across all depts. PhonePe took 25 senior folks
And they gave me huge cashback on bms and mmt.... Simpl and Lazypay are good products but they need to respect their employees as well
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