Rapido layoffs
Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?
Layoffs
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SqueakyPickle
Rapido indirectly doing layoffs
In this IT recession, where Rapido and many other organization hired IT employee at 5x-10x salary and now they are not able to pay because they are not growing. Due to which other teams like Marketing, Operations, Sales, Finance all are suffering because :
- Company made policies that appraisal will be on variable based and only be given when company achieves EBITA +ve, if not no employees will get appraisal which is really frustrating.
- Outside, because of IT recession, no other companies are hiring for any field and due to this reason Rapido taking the advantage of employees of giving extra load of work with minimal employees , no salary increment because targets are high to achieve EBITA +ve. So, employees have no options left to do anything.
What and how to get rid of this situation and how to get better opportunity via referral?
Any better suggestions?
20mo ago
Find out if you are being paid fairly.Download Grapevine
SillyDonut
TCS20mo
Toh ye bhosdka Rapido...itna ad kha se kar rha..ipl me...bike wali taxi sab se saaxxi
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Curated from across
Confirmed - Rapido layoff | 200 employees
Rapido will be laying off from all departments in next 1-2 months due to not able to achieve EBITDA +ve.
Laying off Funda is totally unacceptable.
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