Suumit Shah of Dukaan  
 Vaibhav Domkundwar

Business Analyst

Software Engineer

I have seen many founders of companies and some VCs stop tweeting once things started going south

Welcome to Indian Startups's Private Community

Which famous/controversial Twitter accounts have stopped tweeting now?

Software Developer

Which famous/controversial Twitter accounts have stopped tweeting now?- Grapevine

Dunzo laying of 20% or 200 employee (approx) majority in tech and product. Is this end of dunzo?

Another layoff coming up at Dunzo🥲

Hope they get their severance packages (I mean salary).

Brand Marketing Manager

Welcome to News Discussion's Private Community

I saw this post on grapevine like 1 month ago and was surprised to see a leading VC caught in a scam.  

Saw Twitter today and many journalists say this VC fund has shut now. Anyone knows about what happened at Omidyar

A platform for honest Salary and Career Discussions - Join 50K+ members from top tech companies and startups on Grapevine

Earlier Roopa Kudva (Omidyar Managing Partner) was being investigated by ED for suspicious trades. I noticed she’s stepped down as Omidyar Network chief. Anyone knows what’s the scene? - Grapevine

1 month old post on Grapevine about Omidyar Networks; Now looks like the VC fund has now shut down

Product Manager

Sharing frustrations with starting up a business. In my career I have raised over $30m over multiple rounds.

Co-founders in non-business roles get pushed out by politics. Sharing control with co-founders is messy, inconvenient, time consuming. Money lets you hire people who have to answer to you.

If you are not the main ‘Business person’ in a startup high chance you are disposable, no matter what skills you have. And it sucks to spend so much effort only to get bullied out and left with nothing.

Some investors will follow you on social media, if your business is not growing QoQ don’t post anything on social media that implies you are not working every weekend. They will ask why you are not working.

 If you are CEO, be ready for every random person to tell you how to run your business. Not in a ‘friendly advice’ kind of way, if you are the CEO you have a target on your back.

 Investors don’t know about your industry or have very dated knowledge. Some will just say random tips like ‘try web3’ or ‘try SaaS’ and blame you for following their advice when it fails.

 Your progress is measured against fraud companies who fake numbers, or the 1 in thousands who succeed. Get made to feel like you are failing to live up to super high expectations constantly.

 Employees work half your hours, off sick usuall one day a week, deliver next to nothing and expect 20% hikes every year because that’s what their friends make, or they read some dumb startup hires freshers at 20LPA. 

Smooth talking people with the same idea as you, no traction, never shipped a product in life, will raise a huge seed round due to 'pedigree' and spend it all on self promotion. You will always be compared to these clowns who find ways to lecture others while building nothing of value.

Dark side of starting up.

So much truth in everything you’ve written 
 “your progress is measured against fraud companies who fake numbers”  
  
 This has become just more prevalent over time. Confidently advice learnings from startups that are faking GMV or PMF metrics :)

Investment Associate

Investor

Their VC funding is drying up, and finding investors for next rounds is proving difficult because of the macroeconomic conditions (apart from glaringly obvious reasons like their hype has died down since it's not 2020 anymore).

Twitter has launched Ads Revenue Sharing where users with enough engagement get paid by Twitter. This is Dukaan leadership's last resort to sort of "bootstrap" themselves.

The income from Twitter is probably what helped Dukaan become profitable a few days ago.

What do you folks think?

Why Dukaan founders engage in Twitter fights

Ecommerce platform Dukaan has just laid off 60 people. Sudden move on Monday. 

Is the platform struggling to get users and monetise? so much funding they have.

Dukaan laid off over 60 people

Founder

Welcome to Product Managers's Private Community

Found this on Twitter, Source: https://twitter.com/aakashg0/status/1778414659000840399/photo/1

What do you think? 

PS: I kinda like his tweets sometimes.

Director of Product: I was pushed out after building a startup to what it was over 7 years. Equity went from $10M+ to <$1M.

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

Hi,
Twitter has dissolved their comms- any update on what's happened at the company now?

Latest on Twitter

many companies are shutting down especially the named ones. many are close to getting shut. is there a good resource to track? want to keep it handy for future purposes. :)

which companies have shut shop in 2023 till now?

Welcome to Office Gossip's Private Community

Companies have started posting bad things about wfh. Stuff like cultural integration is not achieved in this model. I call it bullshit. Asking employees work from the office is the easiest way to control attrition. COVID WFH saw record attrition , all thanks to remote work. Models are faster becoming business centric than employee centric , which is good , but competent employees must be given a chance to support their families by remote work.

Goodbye wfh

Security Engineer

I remember one of the founders who had quit posting about OCEN and ONDC. Also, they're  hiring for new venture.
Any insider info?

Did Zestmoney founders pull the plug to fund new startup?

It's infuriating how everyone's advice to deal with layoffs is side hustles, wasting your life away to constantly upskill and reducing spending. Basically everyone here is saying "live life like shit to appease your corporate overlords" as if layoffs are OUR fault?

Instead, why aren't we seeing any advice on the lines of:

Build expertise in something while you're an employee and later start your own company/business/consultation on the basis of it. This will increase competition within businesses and will force them to treat their employees like humans. This was kind of the reason why things were generally good for employees from 2021-22 because all the startups popping up increased competition for labour.

Or if your employer lays a bunch of people off and starts giving the rest of you their workload, simply refuse! Don't work extra long or extra hard. Get the employees together collectively and make everyone, or at least the majority refuse to entertain these outlandish demands from your employers. What are they gonna do? Fire you all and lose their business? And if that's not going to work, just do everything very poorly and if you're asked about it, just cite that there is a lack of manpower needed to get quality results.

Basically, why have we collectively decided to take the short end of the stick and make our lives miserable when we should instead force employers to face consequences of THEIR OWN poor strategic planning? Why aren't we even discussing ideas for, let alone working on protecting our own best interests rather than interests of those who are screwing us over?

[Layoffs] Why have we just collectively decided to suck it up rather than retaliate?

Like layoffs.fyi, is there any website that tracks startups that shut down on a monthly basis?

Startup shutdowns

Founders and team missing, payments pending. Another one bites the dust after a seed round.

Influencer tech is gg 😂 others like it will probably follow soon as well. Some of them invested in by Tanmay Bhat.

Freeskout absconding

Generalist

Welcome to Personal Finance's Private Community

Global VC Fund Investor here. AMA

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Google layoff details

What policy by your employer backfired?

In one of my friend ex-company manager was tired of bugs and system going down very often. So instead of focusing on code quality, unit test, automating flows. He decided he would maintain sheet based on number of bugs fixed for devs and for QA's it would be number of bugs found.  
 Whichever team would fix highest number bugs would get extra bonus or something. Similarly for QA.  
  
 Guess what one team figured out how to beat the system. They dev and qa teams teamed up. tons of bugs were written and only to be found by QA and quickly squashed by Dev's. 
  
 Plan backfired. Client was paying for all the extra hours spent on fixing this. I don't remember of the bonuses were paid.

Looks like they’re having tough time hiring good candidates

Business Development Manager

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Founders are not shitposting on the socials, so that’s good I think 😅

Lets collate a list. I will start with a few guesses.
1. Bounce
2. Zepto
3. Sharechat
4. Dealshare

please add - lets collate a list and analyse again in 18 months.

Which famous/controversial Twitter accounts have stopped tweeting now?

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