Engineering Manager

Even with Nykaa most employees lost their esop value I guess

Product Owner

If swiggy lists, performance would probably be better thsn zomato

Product Manager

Project Manager

If you purchased it post hike then you paid more money to buy same shares ??

Operations Manager

Software Engineer

ESOP is not preferred stock so all employees will lose value for over valued startups

Business Development Manager

Your company is swiggy currently? Do you like zomato culture or swiggy’

VC Analyst

Lol does this mean you sold low and bought high? Golden hands

Investor

How was your return on ESOPs? Did you make a great exit considering the taxes you may have paid while exercising? (If you exercised while leaving the company?)

Good now price will go much higher and you’ll never be able to buy it back at these prices

Intern

So are you working in Zomato or Swiggy 🤡

All Zomato employees including me and 3 more close friends dumped all our shares we got and bought after recent price hike.

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Zomato employees dumped their shares

Zomato employees dumped their shares- Grapevine

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As everyone knows that zomato is now hiring 800 employees after two months of a mass layoff, and exit of senior profiles like VP and CTO.

Let me tell you the truth about the founder. He is an opportunist. He doesn't give a shit about the culture or any employee. The company is built on the death of many riders and cheating with low-wage workers.

Timing- Isn't it a bit weird that a company that did a mass layoff two months back is now hiring? Seeing that many employees got laid off from the top-tier company. It is a great time to employ smart folks as the hiring competition in the market is at its lowest. Or the mass layoff that happened previously was planned with the thought of hiring again next year with very little competition and desperate candidates. 

Layoff: In zomato, it's hire and fire culture. I have seen many of my friends leave even after performing well. Honestly, sometimes I don't even feel human. It's expected from employees to start their day early and go late at night. If you want to leave early (around 6 or 7), you should have a solid reason for doing that. Here code release happens late at night due to less traffic. So it's expected of you to be available all the time.

Incompetent Managers- I have worked with two managers here. Both know the existing system as they were once an IC building that system. The issue with these people is that they grew up the ladder because they were the only ones left behind in the team. They lack real-world system knowledge. I have previously worked at amazon, and I know the team lead level there. But here it's like jo ruk gaya vo raja hai. It's hard to work with these people as they lack proper estimations of the projects and at the end of the day. The ICs have to face the wrath of the product teams.

People who are planning to join the company. Please do join, as working 24/7 you would learn a lot in a very short period of time. Also, the culture is team dependent, so you might get a team with chill environment.

Reality check at Zomato

Founder

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Bought a bunch of Zomato stock at 60, ~3 months back. Sold a lot of it at 97 today. Feel happy.

Corporate Strategist

Welcome to Indian Startups's Private Community

An energized Deepinder Goyal is reworking the food delivery business. The result so far has been a culture change that has sparked senior and middle management exits.

Inside the chaos at Zomato - The Morning Context

Chaos at Zomato

Only if I wasn't broke and brought more

Backend Engineer

Swiggy is planning to go public soon and has offered to exercise our ESOPs at a certain valuation. This is not a buyback, so we will have to pay taxes on the exercised shares. Is it worth exercising now or should I wait for the IPO? I will only gain from this if the IPO price is higher than the exercise price, otherwise I will end up paying more tax. Did Zomato have a similar offer before its IPO? If so, what was the best option for its employees?

What did Zomato employees did?

Swiggy to cut 8-10% of workforce

Cloud Architect

people are wayyy tooo emotional about these things that companies know very well how to take advantage of it now.

companies have been doing it since ages, only the way to do it has changed.

almost everything around you is the result of someone doing some kind of marketing and playing with your emotions

Why do people keep falling for this ?

and that too zomato which is notoriously famous for it marketing tactics.

they know how to take advantage of people's emotions

Senior Software Engineer

Go ahead, ask if we pushed founders to commit fraud.

AMA: Worked at tier 2 VC - got in post a few years of workex and a tier 2 Indian uni

What stops you from *stealing* an idea that you found mind-blowing from a pitch of a startup trying to get a seed funding?

I have saved up close to a lac from my Internships, will be starting FT soon. I was thinking of YOLOing my entire savings by buying Zomato shares.

I really believe the company will grow multifolds in the future, also I won’t have qualms if they don’t do well and I end up losing my money.

I feel it’s better to take a bet on this as the money isn’t really significant and is better used if Invested somewhere. I might just end up wasting it buying AJ1s, Airpods and all that expensive stuff.

What do you guys think about this? What’s your view on Zomato’s future?

PS- No Index funds, MF advices pls. I’ve done enough research and will Invest once I start getting monthly salary from my FT Job.

Zomato - Long term stock or a Fad?

Asking zomato folks- When Zomato went for IPO, how much hike did the employee earn on their ESOP grant?

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Sharing more context on what is driving this in the comments section 👇🏻

Zomato stock at all time high again 🚀

Had originally bought at 55-60 levels. But believe in Zomato, so doubled down at 180. It looks amazing on portfolio now :)

Had doubled down on Zomato recently at 180 rupees when people were bearish, loving it 📈

Amazon is asking voluntarily resignations from its employees.

Amazon internal layoffs

Hey, any Blinkit employees here who can tell us how the company is going to handle the crisis at hand?? With so many dark stores closing and 2500+ delivery partners on strike??

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