No group of workers in India are empowered enough to do mass resignation.

Software Engineer

Myntra fired 17 folks from tech and product this month.

https://www.livemint.com/companies/news/sachin-bansals-navi-technologies-lays-off-20-employees/amp-11689235123256.html 
  
 https://www.indiatoday.in/amp/technology/news/story/myntra-fires-50-employees-across-divisions-as-part-of-restructuring-process-2412503-2023-07-27

It was layoff at navi; and very brutal one.

Software Developer

Consultant

Happened last week.   Navi does this halfyearly if not quarterly. Supposed to be performance based but systems and checks are not in place to assure the process is unbiased.   Myntra  not an organi...

Welcome to Indian Startups's Private Community

Happened last week. 

Navi does this half-yearly if not quarterly. Supposed to be performance based but systems and checks are not in place to assure the process is unbiased. 

Myntra - not an organisation which does layoffs much. 

Please shed some light.

Navi & Myntra - layoff or mass resignation???

Investor

Navi & Myntra - layoff or mass resignation???- Grapevine

The world economy as we know is stabilizing but its just the US economy that is stabilizing there is a real cash crunch happening at most startups and its effect have started from the last week 


One of the companies in which my friend is working Spyne.ai layed off closed to 20-30 folks across various departments tech, marketing, sales , product, hr and ai their total workforce is around 80 employees

Insider news also states they even fired their chief of product, and its becoming tough to sustain, they even gave esops to employees on a valuation they havent achieved yet during appraisal season 

It was a forced resignation, 2 3 folks were even said leave we wont be giving you any severance.

Yesterday even recieved news off layoffs inside TCS(US), myntra and navi

Even hearing news from zs and paytm that they might start a fresh round of layoffs

Bloodbath begins in India the real recession

Data Scientist

Around 200 fired across several departments, mostly tech and analytics.

Layoffs at Navi

Welcome to Software Engineers's Private Community

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

Myntra has been silently carrying out the Layoffs since last year under the name of PIP.

Myntra laying off using PIP

Such a dull Saturday!
Please share something interesting

What's the latest gossip? What's new f* up you did?

Welcome to Office Gossip's Private Community

Hearing another mass layoffs on the cards at a fintech startup that is into lending, insurance and mutual funds in Bengaluru, which had laid off about 20% in June last year !

Another Mass Layoff on the cards...

Systems Architect

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

I've been hearing some pretty bad things about Navi's work culture - esp. in the analytics teams. Apart from the 12-14 hour days, apparently you're not even allowed to take leaves. If you want to go home for a few days, you're asked to apply for wfh for those days. If you want to wfh, you're asked to apply for a sick leave and then work nevertheless.
 
Can someone from Navi or otherwise confirm this?

Work culture at Navi

Team Lead

Which startup has the most toxic work culture?

Ola.  
 I doubt there’s any startup which comes even close in terms of Ola’s toxicity.

Product Manager

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Navi & Myntra - layoff or mass resignation???

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