Rebel Foods Pvt Ltd, (formerly Faasos) has done layoffs
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?
I remember when they had listings in Swiggy / Zomato. Priced through TF roof I dare not order.
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Scrooge_McDuck
Stealth
2 years ago
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.
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