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My company is threatening me

Sorry for the long post :( I'm a 2021 graduate from a tier 3 college. I was working at a small startup based in Bengaluru that is into SAAS. The headcount is less than 20 and a completely remote job. I don't have any notice period. I was told that I can leave the company whenever I want without any prior notice. And it's not mentioned anywhere in the contract. I had a promotion due in September 2022 in which the new agreement was supposed to be implemented where I had to serve a 90 day notice period and salary hike of 15% of my current CTC. But the promotion was put on hold till now. I asked them multiple times but I was told that it's on hold indefinitely due to "shortage of funds". On December 31st I sent a resignation letter as it will be my last working day. Even though it was a very short notice, I completed all the documentation about the things I worked on. Anyone who can understand English can deploy the entire product. And moreover everyone had worked on the product and almost everyone had a good understanding of the product. Sometime in 2021, I received a bonus of 62k which was sent to my personal bank account (the company itself didn't have a corporate account back then). Since the company didn't provide me any work laptop, I was told casually that I can use the bonus to purchase a new laptop or keep it to myself. I made a mistake of now waiting to get the December month salary before resigning. Now he's telling me that the bonus he sent is for the company laptop and it will be adjusted as my December month salary. When I asked about the purpose of the bonus was not to get the company laptop but to keep it myself, he's refusing to accept it. (Almost everyone in the company uses their personal laptop). And coincidentally there was a service outage as the company uses free services wherever available (for example, oracle cloud free tier, free version of slack, GitHub and lot more). Continued in comments....

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by meowww

Stealth

Startup let go Eng team on 1 day notice

It's gonna be long thread. I have been working as lead engineer in a early stage startup since last one year. Founder (20 years exp in Product Management) raised some money from friends & family to start it and but company was running negative from February and he put his money to pay employees salary for March & April and We were hoping for some investment in April but that didn't happen. During May & June, he was looking for funding more aggressively and even after having a good background in academics & top tech work experience in product management, no investor got convinced to invest in it. Our salary for March & April was delayed from actual payroll date by 7 days and 21 days respectively and We were expecting our May salary to be delayed by same period and our company was about to complete one year in first week of July so we had some one year benefits associated as well. But Boom, he invited everyone on call and tells that company will shutting it's operation from next day itself. And he will help us find our new jobs and he doesn't any clarity on pending salary. Although we knew, our company is not in good shape so salary cut or something might be happening soon but didn't expect this. Now, we have to find other jobs and also be unemployed while searching for job and also get exploited by other companies because we will be desperate to find jobs to pay our bills. I think, he did this just before 5-6 days of our one year anniversary just because he doesn't get legally bound to pay our one year benefits. I for sure, not gonna join any early stage in future who doesn't have enough funding. Just wanted to put this story out of my mind. Open for any suggestions you have for me Thank you