DizzyMochi
DizzyMochi

Layoffs at cult.fit & cultsports

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected.

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

10mo ago
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ZestyBagel
ZestyBagel

But they are profitable then why this layoffs

FuzzyTaco
FuzzyTaco

As if that were ever the case. Everyone is just following the trend now.

DizzyMochi
DizzyMochi

True @katelunka 😢

SillyDonut
SillyDonut
TCS10mo

Inke margin k chakkar me employees ki dal roti band ho Jani h bc

FluffyDumpling
FluffyDumpling

Not sure tbh that margins were the reason for any layoffs. It could just be that everyone is doing it so why don't we, even when we are in acceptable margin range. With the current scenario, if they fire 2 out of 10 people, the other 8 would take up the additional responsibilities of the 2 people out of fear. It's just human psychology.

FluffyDumpling
FluffyDumpling

Like I have pointed out many time before on GV having worked with so many founders, most dont know Jack shit about what they are doing

CosmicLlama
CosmicLlama

Felt it was too expensive. The novelty factor gone, fundamentals caught up.

DizzyMochi
DizzyMochi

What was the novelty factor

CosmicLlama
CosmicLlama

It's just a gym.

ZestyMarshmallow
ZestyMarshmallow

and yesterday i was scrolling jobs on their career portal

DizzyMochi
DizzyMochi

:,(

SparklyPickle
SparklyPickle

Do you know if S&P team is affected?

DizzyMochi
DizzyMochi

Not sure. My friend works in the tech team

PrancingPretzel
PrancingPretzel

what's s&p?

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Rebel Foods Layoff

Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. And this cycle will repeat in 6 month as stated in their mail.