Head Of Marketing

Founder

100 of employees at Onsitego have been impacted. And still the firing is happening. Employees are scared, by when HR will call them and say today is your last day.

Onsitego has shutdown there D2C vertical many employees got impacted!

Onsitego has shutdown there D2C vertical many employees got impacted!- Grapevine

Welcome to Company Reviews's Private Community

Guys, give inputs if you know - how is overall culture and feeling at OnSiteGo?

How are things at OnSiteGo?

Product Manager

Welcome to Indian Startups's Private Community

Horrific scenes in the Indian startup ecosystem. From being on the verge of an IPO to raising an emergency round which shall lead to the sudden death of employee ESOPs. Crores of wealth destroyed for the employees.

A chain reaction of horror is about to unfold for late stage startups.

90% downround Pharmeasy

1-on-1s getting scheduled by end of day, 3-month severance, just announced.

Swiggy lays off 380 in emergency townhall

PREVIOUS POST GOT DELETED!


Rumours are floating that Unacademy is getting sold by one of its main investors to another Edtech company in their portfolio for just 400 Million dollars, their last round valuation was 3.5 Billion dollars 

But founder Gaurav Munjal said they have 200 Million in bank. Getting confused - Is this a repeat of Byju 2.0?

They have fired the CTO and co-founder Hemesh Singh and Roman Saini ( other co-founder) is also not seen anywhere 

I am worried if more people are to be laid off?

More information in comments sourced via a friend

Unacademy getting acquired?

Journalist

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

dunzo laid off ~20-25% of it's workforce today, calling it that they overhired, pretty pre-planned.
And coincidentally some dept. heads are on leave for the next few days, unavailable to answer their team.
I wonder why these people even take up the leadership roles if they can't step forward to answer.

Dunzo massive layoff

Business Analyst

Welcome to Office Gossip's Private Community

Got to know through my network that Brainly india has asked the entire team from their MD to all junior folks to go. Reason - sudden change in strategy.. they didn’t let the product even launch.. the team was in full swing prepping.. impacted folks 30+ or around that number.. within 6 months of hiring everyone.. while in the interviews they promised 5 years runway.. long term strategy for india.. ceo didn’t even apologise.. they come hire Indians and let go at the drop of a hat.. the employment contract said that either party have to give 3 months notice to resign.. so that’s what they did they are giving 3 months pay not in one go but month on month and after that nothing. No severance pay, no bonus paid to eligible employees, no help in finding jobs , no mental health support, medical finishes in 3 months.. in this time when hiring is on global freeze they have treated Indians like puppets come hire and fire when you want, they have money in bank account a runway for 18-24 months.. still they couldn’t hold on to india team.. heartless way of dealing with junior folks how will we find jobs

Brainly India - entire team laid off

110/~450 employees getting laid off today. Panic mode in office

Justdial tech employees getting laid off

Welcome to News Discussion's Private Community

Will society accept me... I found BB as cringe and low iq game.

Never watched a single episode of Big Boss.

Senior Consultant

Frontdesk, a proptech startup overseeing 1,000 furnished apartments nationwide, terminated its entire 200-person workforce due to funding challenges over a 2-minute Google Meet call, according to a report. The layoff occurred during a brief virtual meeting where CEO Jesse DePinto announced plans for state receivership. 

Company lays off entire 200 employees over 2-minute Google Meet call

US based startup laid off entire workforce on a 2 min Google Meet call. Waah.

Corporate Strategist

I am a L4 manager in amazon. My entire team has been asked to go, now i am concerned about my carrer. It ia so sad that our Indian government doesn't support us. My future is now uncertain. I wish we had someone to stand up for us.

Amazon tyrany continues

First of all government can't do shit. I know you are a European law loving crazyhead since layoffs in Europe are avoided to due to pro-employee laws. But I want you to remember that the current layoff environment where companies struggled to layoff in Europe hasn't gone unnoticed by companies. If companies feel that pro-employee laws are too strict, they will simply close their European offices and open shops in Eastern/African/Middle Eastern/South American nations. Just because there is a law does not mean that companies will keep on following it. And as it is European offices are some of the most low ROI centres of development due to so many holidays/relaxed work culture/zero impact projects. Europe is fucked unless Europe resorts to war against Africa/East/Middle East/South America.

Software Engineer

Retention Manager

How Simpl doing when compared to Slice? Does this sector really work(BNPL)? Is leadership inspirational in that company?

Question on Simpl

Lawyer

Dunzo laying of 20% or 200 employee (approx) majority in tech and product. Is this end of dunzo?

Another layoff coming up at Dunzo🥲

Hope they get their severance packages (I mean salary).

Brand Marketing Manager

Leadership is clueless and one of the most toxic workplaces where people are bullied and no boundaries are considered 
.Just a week before the appraisal cycle, the let go of 100+ folks both billed onsite and offsite without even informing anyone in the team which impacted the work and morale of existing people. When asked about this to the management, all they cared about was the reviews on the ambition box and Glassdoor being low. They asked employees to give good reviews and when it was not working they used the marketing team to give good reviews, you can check the reviews yourself to verify this. The next big thing is , keeping org wide evaluations from manager level also and calling it some development program and mandating the employees to take it along with delivery work. So we can expect more rounds to happen going forward. What is more sad is the blackmailing and forcing employees to take down reviews and  employees who are planning to goo

TheMathCompany - Layoff more than 30% workforce in 6 months

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

Meesho started layoffs !!!!

Software Developer

Looking for a senior job in performance marketing. Can anyone help me?

Recently 50+ folks have been laid off at Onsitego!

Welcome to Software Engineers's Private Community

Came across tweet guy asking for frontend job to Dukaan’s CTO who fired his support and tech team just last month, and here is this guy and many others asking him for Job.

Dukaan laid off people; and people are mad about getting job

15% or close to 200 folks being fired. Reason- revenue per employee to be increased. Revenue not going up so firing employees. Mainly lower level.

Firing at Moglix

Housing.com (REA India) ranked 3rd in the GPTW survey this year. They provide several awesome perks like, laying off without any notice, fucking their reviews just so that they could justify the lay offs, and threatening actions if anything came out on social media. 

10-15% of the whole tech team was laid off (mostly freshers) apparently on the basis of low performance.  It was all carried out by the higher management, not even the managers had any clue about the lay off happening. 

The performance rating was rigged by the higher management who had no interaction with the tech people. They had this awesome idea of getting reviewed by people who we had never interacted with. Managers were merely bystanders who had no say in the performance review whatsoever. 


PS: A note for the management -->
Housing.com would be an employee friendly company only if you guys would give two fucks about employees, instead of Caring so much about the GPTW ranking like conducting hands on sessions and literally forcing people to put in good rating.

Mass Lay-offs at housing.com (REA India)

The rigged performance rating and the secrecy is so true. I got to know about my colleague getting fired when I opened his slack which was deactivated. Upon calling, he said it was all done in 5 mins, Forceful resignation, No Severance and was asked to post nothing on social media.  
  
 From my team alone 2 people have been laid off both freshers.

Onsitego has shutdown there D2C vertical many employees got impacted!

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