Make hay while the sun shines. One excellent  engineering guy I know went from 75 lakhs in an Indian Unicorn to 2 crores in Byjus. , worked there for ,2 years and then joined another company at 1 crore.+ It is a win for employee anyways as he made 5 X of what he would have otherwise made

Product Manager

Nopes Buddy, Byjus don't give ESOPs even at senior levels. However they pay huge cash . If they had not done those stupid acquisitions they would have still been giving cash. 
  
 Byjus were highly profitable before Covid and could afford such salaries . When they started chasing growth everything went Kaput

Growth Manager

UpGrad mein layoffs kiye ab yaha kar raha hai, he is the fall guy for Byjus shitshow

Project Manager

Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But again have come across ppl who were paid insanely and were laid off not wanting to take a pay cut and join somewhere, infact they will ask more than what was their inflated last drawn salary. Not willing to realise the harsh reality of the current situation.

Computer Operator

Welcome to News Discussion's Private Community

New CEO, Old Ideas

New CEO, Old Ideas- Grapevine

Welcome to Indian Startups's Private Community

After a confirmed research, following resignations are happening at Unacademy, resulting in a massive instability in the organisation

1. CHRO
2. COO
3. CTO
4. VP IT & ADMIN
5. CBO ( JM)
6. HEAD OF OFFLINE CENTERS
7. GENERAL COUNSEL
8. IAS COFOUNDER


Adding to this, following BU's have been shut

1. Content Growth
2. Coheshve 
3. Next Level

TRULY SAD TO SEE THE HOUSE OF CARDS FALLING DOWN.

Series of resignations at Unacademy 👾

Program Manager

News: Byjus appoints Upgrad's ex-CEO Arjun Mohan as it's new CEO

So will the company also be renamed to Mohan's?

Engineering Manager

I heard the BharatPe board has hired a new full time CEO. Does anyone know who?

Who’s the next BharatPe CEO?

Product Owner

50% layoff at a Bangalore  based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

Massive Layoffs at HealthTech Startup

HealthifyMe is the Startup. They are having other PR articles to cover this shit now

With ED issuing lookout notice for the founder, is this how Byju's will go down?? Things have not been looking up for the decacorn startup since last year, but with rights issue being fully subscribed, there was hope that things might take a turn for the better.

With EGM this Friday to ouster the CEO and his family from board and ED lookout notice just prior to it, is this the end of the road for the maverick founder??

End of road for Byju Raveendran

For a company that is out raising millions the CFO and CGO both exited around the same time these fund raise came in. 

Hear from a few sources that old timers are unhappy with the founders promoting some non experienced folks at the helm of things. Any insider gossips pls?

Whats up at Zepto?

As informed earlier but many here said it's fake news.

Byjus: Arjun Mohan is the new CEO

then can bring Mahabharat ka arjun along with Sri Krishna, but  the decline of this company  is inevitable.

Consultant

Let's examine a snapshot of the Swiggy Engineering VPs' status from three months ago and compare it to their current situation.

CTO Dale departed just yesterday.
Storefront - Madhu has been promoted to the role of CTO, and we are awaiting the appointment of a new VP.
ATS - Ashish is currently serving his notice period.
MFP - Piyush has left the company, and Soumya has taken on additional responsibilities.
RNG - Nitesh is currently interviewing with other firms.
DIP - Soumya is still performing well in their role.
DevOps - Anurodh is in charge.
Location Intelligence - Pradnya is currently serving her notice period.

One potential reason for their departure is the recent devaluation, which has resulted in an unofficial 50% reduction in the value of the ESOPs. Given the minimal salary increases, unless prompt action is taken by the remaining leadership, this ship will inevitably sink!

PS The engineers at Swiggy are aware of the alternative interpretation of SOS.

Swiggy SOS

yaar pehli baat to ye ki don't assume that everyone knows the meaning of those god damned  abbreviations ....

Data Scientist

How is Ninjacart company growth-wise? How is company doing? How is work-culture?

Ninjacart

Software Engineer

Going through the updates around founders fighting, do you think BharatPe would fail? Or is it too big to fail?

How big is BharatPe to fail?

Welcome to LinkedIn Cringe's Private Community

The requirements have "International" English as must
In quotes, the HR got the joke too

Deputy CEO guys, new day new titles

Most startup’s are not founded with great altruistic purpose to elevate human condition. Most startup’s are founded where founders know they can make money or earn status points through little schemes of leveraging their network of investors. 

Most of them know they can earn more income by just raising some money from friends or VCs. Build a small tech tool and burn through money trying to acquire and retain customers. All this while hiring 100s of employees selling false narratives. 

What bugs me the most isn’t the thousands of people getting laid off, salary corrections or bankruptcies, it is the mafiaesque organisation built to “create wealth for some by exploitation of countless others” 

Most startup founders use brute force of content and media coupled with ignorance of people to perpetuate this cycle. 

It’s the virtue signalling and holier than thou attitude of most founders and VCs justifying all their mindless brutality in the name of strategy and growth which destroys aspirations and outcomes for the many. It’s more relevant in India because of large scale ignorance about money and large scale trust on educated individuals with the right college tags! 

If you have seen sopranos, most founders are like Anthony soprano - summarily violent, manipulative and ruthless behaviour primarily driven by selfish greed but juxtaposed with moments of vulnerability and struggle justifying his action with a facade of providing for his family. 

*Replace Anthony soprano with your founder/ceo name* 


1. VSS was playing fast and lose with rbi regulations resulting in stock crash and layoffs 
2. Byju’s systematically destroyed his own company and wealth of his employees just to ensure he retains majority control 
3. Ashneer G and his wife manipulated company books
4. Zerodha founders cheated in chess match or lied about their system failures which lost a lot of capital

PS: I refer to most founders because there are few exceptions who don’t fit into this narrative.

Startup founders are mafia bosses!

Incredibly myopic and pessimistic view. I'd suggest trying to be a founder yourself once before judging them. 
  
 Not every startup needs to elevate human condition, plus you still need money to make that happen. 
  
 Most founders don't actually earn much compared to jobs they could've had in companies. All you see is the flashy idiots like Kunal Shah and Byju. Not the bootstrapper shutting down their 10th project for xyz reasons. Because no one likes talking about their failures, and no one listens to people who fail. Only those who succeed.  
  
 You have a problem with the human condition buddy, not founders. Humans can be real shitty given the right kind of conditions. Everyone's fallible, even you.  
  
 If you think you can be a better founder than some of the names you mentioned, then you're only indulging in holier than thou behaviour, which you allegedly hate about founders.  
  
 I do agree with some of the things you said, but much of it is way off.

Generalist

Reports of another round of senior executives resigning from Byju's — Chief Business Officer, Prathyusha Agarwal, Himanshu Bajaj, Business Head of Byju’s Tuition Centers, and Mukut Deepak, Business Head for Class 4 to 10. Vet?

Journalist

A group of Byju&#39;s shareholders including tech investor Prosus said on Thursday it is seeking a revamp of the embattled Indian education technology firm&#39;s board, ......

Byju's major investors seek leadership change, board reshuffle

Just in : Major Change Expected in Byju's leadership

Welcome to Product Managers's Private Community

Referal required in Gojek. Anyone here?

Welcome to Office Gossip's Private Community

So much mess is going on in gojek, a lot of higher management is forced to left company.

Seems like Andre is forced to left by investors.

And now Shareholder is becoming the CEO, 
Official old statements by newly made CEO "Financials is not a exciting market for earnings"

Usually when investors takeover they just care about profits and earnings (ways to exploit to earn maximum).

Seems like future of GoTo is in clouds.

Expecting a lot of restructuring, layoffs after patrick takeover.

Gojek - Investor is the new CEO.

After making money from Phonepe, it seems FK has started a Phone Pe competitor as a separate company 😁. Heard Flipkart CEO had a huge fight with Phonepe CEO as well

New CEO, Old Ideas

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