Whats with Fi money laying of 10% of their workforce for a 2 yr extended runway

Sad state of affairs. Looks like an excercise to remove the people that the founders don’t consider as good enough for their shallow elitist clan culture.

The affected folks are actually not going to make any impact to the runway. There are many very high cost, business irrelevant and skill-less people still there who are just not adding to the business. But since they are in the founders yes-people list, still there to continue the “who ever wants to leave can leave, who stays with us will party” gang.

This one was such a cheap inhuman way to treat anyone who trusted the company and joined. Just bad!

Clueless founders, panicking investors, dead market and garbage product. All combine to create these situations.

Revenue at 21 Cr, losses at 249 Cr.

Modern gimmicks to show frugality to investors when actual business suffers.

Showing better margins, lower costs so that top management and executives can take home bigger bonuses or increase the value of their equity. It's all just business, they do not truly care about the employees.