What's happening at Apna Jobs

Any tea or news about what’s happening at Apna?

Do you think they can survive the funding winter given that they are in a market (blue/grey collar) which is tough to monetize?

Dunzo Taskmo Frontrow

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HR is having 15-20 meets everyday, anyone can confirm with their calendar. Multiple HRs multiple laid off people. Zero severance. They are pressuring people to resign and saying you have to resign today itself! Market is going to get flooded with Paytm folks. Worst regret is that management and CEO made bad decisions and flunked compliance / risk. But after crackdown by RBI they are making employees suffer. It is heard that this will continue to go on till months. There should be a course on how to behave and work like a CEO.

How is PocketFM's culture? Looking to join. Media reports show they are doing very well, especially in the US which is very surprising given its very young. What's the secret sauce/catch? 😛

Indian unicorn companies these days are doing forced PIPs to remove folks who are a high salary as per last year or have conflicts and all. Employee benefits being reduced left right and center. Environment has become toxic. This is being done for IPO. Watch out guys.

How is the culture Is the comp competitive Will they become profitable

A thread: 1. Over the last 2 months, the Chief Business Officer, Head of Marketing, and Head of Enterprise have been laid off. 2. CEO has surrounded himself with 3-4 Yes Men/Women who have no expertise in the respective domains that they are currently looking at (being called as Founder’s Office staff – but are basically playing the role of glorified postmen/women) 3. Rest of the senior leadership has been demoted for all practical purposes and all business decisions are taken in weekend meetings between the CEO, and his close friend (who is also acting as the CBO currently) 4. Work culture has become so toxic that employees across levels are either looking out or jumping ship or even resigning without offers in hand 5. There is a ton of investor pressure on the CEO to start showing tangible revenue – classic case of raising money at bloated valuations with no business model in place