Meesho fake promises

An interesting take of mysterious profit numbers, markdown values and departure from “original idea” of growing in tier - 2, 3 cities 🥲 https://thearcweb.com/article/meesho-venture-highway-exit-vidit-aatrey-westbridge-mfMQjdaZJJHPIbz5

Not trying to be a critic here, nor trying to tarnish the reputation. But just wondering why does employee friendly policies like these change so quickly? Do investors and leaders get FOMO? Hey Amazon has called everyone to office so let's do it too. Or does the Work from anywhere policy was temporarily to attract good talent? FYI, this remote policy was scrapped within 1 year of implementing it.

Today there was a startup that raised $300 million dollars. I have never seen people around me use this product. Even when I go to my native villages and tier 3 towns no one I have heard uses this product. Are these guys faking metrics to please investors or is there any genuine customer base?

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Internal source: most vps are around the table these days, and too busy to get goats to sack this week. For Byju's product team, this week is crucial, usual results are out on Friday. ( product, design and media) 45% -50% cut from each team. There won’t be any news about Byjus from now on, my wife was the source, and she got laid off today.

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

There have been so many openings lately and I have applied to a bunch with product team referrals but haven't heard from them even once. (Ex-Unicorn PM with 2.5+ yrs experience applying for PM - 1 / APM -2 roles)

I am done with Meesho. The work is great but the reward structure has become shit. The leadership has become hypocrite over the years and if this goes on then soon most of the talent would leave this super high density talent company. Feeling betrayed post the layoffs and the promo cycle, I am looking for new product opportunities, please help if there are any openings at your organisation 🤕