Swiggy possible layoffs
This may sound like a dumb question, but why do these companies fire just before the IPO? isn't an IPO a good thing? More cashflow. Shouldn't they be taking care of their employees who made it reach there? What exactly is the thought process behind this mass layoff before IPO?
BiryaniEnthu
Stealth
6 months ago
MightyLazyGeekStar
Stealth
6 months ago
Startupexplorer
Student
6 months ago
Grapevine107
Stealth
6 months ago
Grapevine107
Stealth
6 months ago
Discover More
Curated from across
News Discussion on
by Elee
Flyhomes
Why is this common now? Big hire after mass layoffs
Have been seeing this as of recent, is it change in direction - new leadership to drive that
Swiggy has announced a significant addition to its senior leadership team with the appointment of Ashwath Swaminathan as Chief Growth & Mark...
https://www.medianews4u.com/ashwath-swaminathan-joins-swiggy-as-chief-growth-marketing-officer/
Layoffs on
by SenecaTheIndian
Swiggy
IPO-bound Swiggy to slash 400 jobs in second round of layoffs
It had let go of 380 employees in January 2023 and even shut its meat marketplace in a bid to lower costs.
https://www.moneycontrol.com/news/technology/swiggy-to-slash-400-jobs-in-second-round-of-layoffs-12126061.html