Mass exodus at Upstox

Cleared all the rounds and even sent the HR the documents they asked for. They also said I would have to relocate to Mumbai. However it's been more than a week and they haven't rolled out an offer letter. HR said that since they invested so heavily in IPL, they are trying to reassess their budget for this quarter, that's why it's taking so long. Should I be worried? I have a feeling that I even if I get an offer they might try to lowball me/lay off later.

I have see many lists of places to work at. Let’s create a list of companies not to work at. Please post the company name and the experience of working their.

Just wanted to give some updates now that it has been 1 month since the last post 1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 2) There are more people in the pipeline and will get more clarity by month end. 3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered. 4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs. 5) Senior Management Has been asked to take 20% paycuts. 6) Even at Junior level, people have been asked to take pay cuts or resign. 7) Lots of tools used in tech are being removed and AWS subscription has also been revised. Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Got an interview scheduled for a Sr. Leadership role. They have a bad reviews on Glassdoor, but their growth story & product looks promising. Any advice from this community?

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff 1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result. 2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops) 3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati. Snacks have been removed too. Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. People have serious doubts on whether any hike or bonus will be given or not this year.

Many VPs, Business heads are moving out so quickly mergers of departments and closure of some departments. Scary !!!

A few people who are in advanced stages of the process and/or have offers from slice have been asking me whether it's a good idea to join. My answer has always been consistent and I'm posting this so that people have more clarity. Good folks are leaving in droves which is why they are trying to fill in some roles fast. The company doesn't have a proper CTO, with engineering being managed by two people, one the head of analytics and data science being the 'people mananger' who is highly under-qualified for the job, and the second a toxic and borderline abusive character who is the 'chief architect'. On top of that, there are some AHs from Bizops who'll do everything to blame you if things go wrong and steal credit if things are good, making your day worse rest of the time. The critical Glassdoor reviews are totally true, and present points in an elaborate manner, while the few positive ones are clearly planted with 1-2 lines written for each. Plus the company is suppressing many reviews with the help of community guidelines. Your package might have a generous ESOP component, but it is bloated and the company is looking to raise the next round at a highly diminished valuation. There are more things in life than a few lakhs of extra base pay, for your long term well being. I'm speaking about it openly since I left the org for a better opportunity recently and I don't want people to suffer more.

PIP on the raise at Swiggy, saw couple of post with good fellas leaving. can someone confirm or deny this fact that PIP is used a weapon to downsize the teams in order to show profit for upcoming IPO next year?

For a marketing role where i had an assisnmrnt with a lot of deliverables to complete in 2 days. On asking for feedback the recruiter told me “the person who screened assignments didn’t like your work much”. I feel absolutely garbage and am looking to feel better. Can someone tell me I just escaped a bad company or something.