What secret from a former job can you reveal now that you no longer work there?
Saw this question on a really old AskReddit thread, and it made for a very interesting read. Learnt that Lancome is exact the same products at Loreal but 20% more expensive. But most of the things were US related. Got me curious what the Indian version would look like. Looking to learn some industry secrets, TILs, and more :)
President_Trump
Stealth
a year ago
Energy domain - my previous company was selling their Software in the name of AI but all they were doing in the background was manual calculation and Power BI methodologies.
Scam š
LosingmakesnoCents
Stealth
a year ago
RMG :
Canāt say all, but most RMG companies secretly run an invisible underground gaming ring through agent accounts ( excluded and non interactive with the normal paying user base), where a shit ton of black money exchanges hands and gets converted to white. I have seen crores changing hands within days, via real estate transfers.
What the...
But why do these people use the RMG games to do this? Why not other means?
Is this a possible reason for the govt crackdown or am I overthinking
QuickGunMurugan
Stealth
a year ago
Wait. What is RMG š«£?
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RapchikBidu
Stealth
a year ago
Can I speak about my CEOās cheating and affairs? :))
majboormajdoor
Stealth
a year ago
Same story from my ex-employer years ago.
Affair of CEO with a useless employee
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Adtech background- 40-50% of paid installs from any affiliate campaigns are fraudulent (majority of the internet companies run affiliate campaigns and spend shit ton of money on it).
Most of the marketers know this. Then again, they're chasing numbers and they are hand in glove with all the agencies who execute these campaigns.
Wow!
All audience networks are also scammy, idk how big tech ad companies think itās okay to fool advertisers by getting cheaper clicks from bots
Worked for a marketing company, where Dunzo was a client. Offline/BTL marketing was the service offered.
We paid suttawalas outside IT parks to force their customers into downloading Dunzo and placing a dummy order for a pack of free suttas.
No wonder why Dunzo struggles with retaining users today. Witnessed the problems in field 3-4 years ago and realised itās more of a hard sell than an organic one.
Changez
Stealth
a year ago
Hey this happened in my office too. Novel office
I used to work at a consumer Internet company, I came to know that paisa phenk tamaasha dekh is too real.
VC: No matter how smart or intelligent a person is, they succumb to bad hype cycles like anything. There's heavy research that happens, you form your theses, then decide what to invest or not in.
UNLESS, another top fund is investing rapidly, and then you have fomo, and your bar for thesis building drops significantly
Hence, all bubbles
BlindNest
Stealth
a year ago
Looks like a pattern across industries. When the bad time comes, there is no time to evaluate any strategy. To not get impacted by fomo is not common
Collection departments in Banks/NBFCs have highest mortality rate
Yes. Collection agents die quite frequently when compared to other departments.
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From my previous RMG company.
A developer secretly put in a an extra referral code in the system which then was used by him, his family and friends to siphon out nearly 2 Cr.
We felt like practically his entire village was in it.
Got caught in a month but damage was done. Board and investors decided to just fire him without pursuing a case.
BingoMadAngles
Stealth
a year ago
Directed by Hansal Mehta
Habhaithik
Stealth
a year ago
He must have returned it else there would be a case 100%
On my part. Used to be at a B2B startup, learnt that investor DDs are not very thorough and can be easily gamed.
They would speak with our suppliers to understand value proposition etc. Weād just provide a fabricated list, call those people up and promise them rebates/benefits if they give a good feedback š
Blockchain/Decentralised Tech:
Most decentralised SaaS/PaaS isn't decentralised for shit. All of the infra and tech lives and breathes on AWS EC2 instances and are all connected to a centralised server. Companies just build a fancy backend wrapper on top of it and sell it as Decentralised/Secure/Encrypted end to end.
A B2B company I worked for, they charge for support even when support is baked in the contract so the customer is essentially paying for support twice. Read your B2B contracts people.
SceneUnseen
Stealth
a year ago
I was working for one of these media / podcast groups once. Found out all the "inspirational" stories they tell listeners are pure bullshit. After the recording the host would sometimes ask if the stories are true. Guest would say "no I have a few of these because they sound good" type response.
Sometimes PR teams of these guest speakers would get involved and tell word by word what to edit out, so they sounded like geniuses in the show.
If somebody made it big, the real story is probably not so inspiring. There's a whole lot of luck in there.
somefinetofu
Stealth
a year ago
Do you remember any examples of fake inspirational stories?
RightNow
Stealth
a year ago
All the finance experts.. Akshat, Rachana etc
priestishere
Stealth
a year ago
Story from a WITCH account.
Originally, this account was part of US company. The US company then goes on to sell the entire India operations to a WITCH firm.
Mass layoffs happen in the US, since WITCH is now responsible for delivering work.
Pretty much every director had to hire a lot of people. Crores of rupees was swindled through kickbacks from recruitment agencies. Referral policy was rigged for Upper management to make money (Most senior managers would threaten HRs to mark their name under referral column even if the person was a lateral hire)
https://www.reddit.com/r/AskReddit/comments/10dm92h/whats_a_company_secret_you_can_share_now_that_you/
Link to the Reddit thread Iām referring to, itās a nice read
Habhaithik
Stealth
a year ago
Deepinder Goyal has been running blinkit long before acquisition. Would call ceo and and some pms to his farmhouse to tell them what to do
DiscoDave
Stealth
a year ago
Our boss got drunk and ordered hookers on our retreat to Goa. He also tried to raise funds from employees to launch a separate investment fund.
NGO 's and the marketing companies who do fundraising for them , keep 50% of the total money raised with them. Rest 50 goes for charity.
From that 50%, I use to get 16% myself, as I raised the fund , and then it gets divided amongst other people who run those companies, and administration expenses of the NGO.
FMCG: it costs more to package and distribute toilet cleaner liquid, than to make it.
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