Nope, just raised 100cr debt last year around September or October maybe

Software Engineer

Oh. Is the business going down then or this is just cost cutting?

VC Analyst

Became a unicorn, when it really is a pig in a wig

I remember when they had listings in Swiggy / Zomato. Priced through TF roof I dare not order.

Customer Service

Raised 100 Cr debt basically means borrowed 100Cr at a high interest rate. A lot of funding round news is from Strides etc announced as a ‘raise’. Till the time employees themselves don’t understand financial basics they will always be surprised by firings. They took a 100 Cr loan to save the boat.

Rebel foods Pvt Ltd (formerly faasos), which became unicorn has done layoffs in tech and product. ( We have no idea about kitchen staff layoffs)  The number of people let go forms a considerable % ...

Rebel foods Pvt Ltd (formerly faasos), which became unicorn has done layoffs in tech and product. ( We have no idea about kitchen staff layoffs) 
The number of people let go forms a considerable % of the total strength

Beware of joining such startups! They will surely name this as "performance" based removal, but what do you have to say for firing freshers you hired not even 6 months ago?

Rebel Foods Pvt Ltd, (formerly Faasos) has done layoffs

Rebel Foods Pvt Ltd, (formerly Faasos) has done layoffs- Grapevine

Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. 
And this cycle will repeat in 6 month as stated in their mail.

Rebel Foods Layoff

Category Manager

Welcome to Indian Startups's Private Community

I have see many lists of places to work at. Let’s create a list of companies not to work at. Please post the company name and the experience of working their.

Top 100 places not to work at!

Today mass layoff was done from Third Unicorn
Devs, IT team, devops all were impacted 

Layoffs in such early phase startup came as a shock

Could be due to new GST rules

What do you guys think?

Mass layoffs at Ashneer ‘s latest startup

Director of Engineering

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

Growth Manager

Welcome to Office Gossip's Private Community

Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.

Layoffs disguised as resignations

Ola started laying off again. This time they had fired all the freshers of 2022 batch . 
Every 2-3 months we see this situation.

Layoffs at Ola

Software Developer

Frsh is doing it again. Comment if you know folks who have been affected.

Freshworks Layoff alert.

Journalist

Loosing respect for the companies which are laying off the freshers. I thing it is the worst thing which can happen in an industry. 

Ola and Amazon have fired freshers very recently.
Any other companies which had done this?

Freshers laid off

Layoffs:

Global
- Stripe 14%
- Opendoor 18%
- Twitter 50%
- Delivery hero 
- Chime 12%

India
- Udaan (tranches)
- Chargebee 10%
- Byjus 5%

Hiring freeze:
- Apple
- Amazon

Mega Thread- All tech layoffs so far

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

Startups with the highest number of layoffs so far since 2022 (just top 11 add up to ~13k) 😨

Corporate Strategist

are there going to be layoffs again in byjus? If yes then in which department?

Byjus layoffs

Swiggy to slash 400 jobs in second round of layoffs in a year ahead of IPO

https://www.moneycontrol.com/news/technology/swiggy-to-slash-400-jobs-in-second-round-of-layoffs-12126061.html

Swiggy Layoffs?

Management Consultant

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.

First round happened in March. 130-140 engg.
Around 40 engg were fired.
Then some silent layoffs happened in different teams like hr. 
Then Few good enggs left the company.
This week another round happened with around 20-25 enggs

Another layoff at the most overvalued unicorn startup.

‘Most overvalued unicorn’ You have any idea how little that narrows it down 😂

Analyst

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

Data Scientist

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

Swiggy lays off 380 in emergency townhall

Product Manager

Looks like Zomato is at it again - quarterly layoffs (pun intended). Have come to know from a current employee that they are firing people with great skill set and work only because they are at a higher CTC and are replacing older folks with new freshers at a lower pay. Zomato never fails to surprise.

Layoffs at Zomato!

Project Manager

What are generally the metrics used during layoffs ?

Is it division by division or each employee is vetted for his performance and contributions ?

Do high salaried folks generally targeted even if they have good performance and history with company ?

With the overall bleak atmosphere in startup ecosystem and lack of transparency in this process from employers wanted to know how are decisions made. Most say it is performance based in news, how true is that ?

Rebel Foods Pvt Ltd, (formerly Faasos) has done layoffs

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