Don't AMA
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potatomato
Fintech Startup
a year ago
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Curated from across
In brief- Very ambiguously choosen. Multiple reasons at play so far it looks - primarily cost, other one is trying to flatten the hierarchy quite implicit, cutting roles of pure people management & no ground impact at all, etc AMA
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Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company. Sad to see this economy claiming another victim in the form of Meesho.
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There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.
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Meesho to layoff 15% workforce today.
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Reason - the team wants to accelerate timeline to profitability To those affected really sorry this community is here for you!
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Heard from a friend that Meesho has asked all teams to downsize by 30%. True?
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About few hundreds are going to be affected. Luckily I was marked safe officially.
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How safe is it to join the Meesho Marketing team right now? Specially performance marketing team. Are there any layoffs or attrition happening?
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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
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