Ola has a terrible attrition at management levels. Smart folks know why.

Recruiter

Founder

Ola losing marketshare in express mode. Heard their FY24 numbers show major de-growth which will shock everyone.

Product Manager

At senior level people promise heavens and stars to justify/get their inflated pay.   Even if they don't exceed or even meet those promised levels they can continue at the level. But any negative growth is seen very seriously. Remember those meeting where our manager would say "we need results not reasons".. this is that at higher levels

Consultant

Why Ola Cabs CFO Karthik Gupta steps down?

Why Ola Cabs CFO Karthik Gupta steps down?- Grapevine

Welcome to Indian Startups's Private Community

After CEO, it’s time for CFO. I was just wondering what would be the “severance & transition costs” of such fast-paced changes at OLA. Any reference data points?

Severance & Transition Cost

The restructuring comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.

Ola Cabs CEO Hemant Bakshi quits, company plans to lay off 10% staff as part of restructuring exercise

OLA is a tough place to work

Which startup has the most toxic work culture?

Unacademy elevated Jagnoor as (COO) of its offline centres business in January this year. However due to tiff with GM, he has decided to part ways with Unacademy.

Unacademy is nearing its death with every leadership exit.

Just in : Unacademy's COO for offline biz steps down

Program Manager

Welcome to Office Gossip's Private Community

Unacademy CFO Subbu has resigned. Shit doesn't seems to stopping any soon for Unacademy.

How many more folks from senior leadership will have to resign before investors throw  Mr Munjal out of the company?

Unacademy CFO Resigns

Software Engineer

Welcome to News Discussion's Private Community

A subsidiary of Paytm, it has been hit by a string of exits in Senior leadership in last 6 months
CFO: Amit Kapoor, gone
Head of Mutual Funds: Nisharg Golash, gone
Head of Product: Manish Reddy, gone
Head of Growth: Sourav Choraria, gone
Head of Marketing: Divya Chakravarthy, moved internally
Head of Compliance: Sudhendoo Gandhi, moved internally 

You can search these people on LinkedIn to verify.

This is a result of an increasingly toxic work culture where performers are penalized with more work while slackers make merry. This culture is driven from the top with current senior leadership who haven't left the firm have survived by the virtue of sycophancy.

Instead of firing people, they are being asked to resign so that the company is not in news.

I've personally seen this in co's rev teams, a new CTO has been hired from within Paytm. Employees are given 'negative ratings' in appraisal, which the CEO called 'an HR experiment'.

All is not well at Paytm Money

Software project manager

This guy gets a lot of shit on linkedin, don’t know him personally so not sure if rightly so or not. 

People in Ola, how’s this whole make tech in india thing working out?

Is this even working? Or just another marketing gimmick?

Staff Engineer

- Avnish Anand announced his resignation from CaratLane, citing a desire to reprioritise life and pursue other interests.
- Anand spent 13 years at CaratLane in two stints, rising to become cofounder and CEO.
- CaratLane reported a 5% YoY decline in net profit to INR 78.59 Cr in FY24, while operating revenue jumped 41% YoY to INR 3,080 Cr.
- Tata-owned CaratLane has not yet announced a successor to Anand.
- Anand plans to continue working in the startup ecosystem and help build more CaratLanes, while also exploring other interests. 

 Source: [Inc42](https://inc42.com/buzz/avnish-anand-steps-down-as-caratlane-md-ceo/)

Avnish Anand Steps Down as CaratLane MD & CEO

Journalist

- Nearly two years after being promoted as the cofounder of Adda247, Chandan Singh has quit the edtech startup.
- Singh took to LinkedIn to announce his departure, expressing gratitude for his five-year journey at the company.
- He hinted at building a new venture in stealth mode but did not disclose specific plans.
- Singh joined Adda247 in 2019 as VP of Product and was promoted to Chief Product Officer in 2020.
- Before Adda247, he worked at Naukri, DTDC, and Coverfox. 

 Source: [Inc42](https://inc42.com/buzz/adda247-cofounder-chandan-singh-quits-after-5-years/)

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