Another layoff coming up at Dunzo🥲
Dunzo laying of 20% or 200 employee (approx) majority in tech and product. Is this end of dunzo?
EarthDragon
Stealth
a year ago
75% employees is what I heard on 29th July. Unofficially good byes have started happening.
EarthDragon
Stealth
a year ago
Ji alootamatar Ji 🥲
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Shame on the founders to keep lying to their employees a week back. They painted the salary issue as minor hiccup and that they have met their goals. What frauds.
Anyways the company was always supposed to go down this route as they had no business sense - burning money for everything from onboarding delivery partners to delivery fees to store costs. Lack of fiscal discipline all around. Such companies shouldn’t survive - unfortunately that would happen but the founders would have made their banks already on secondaries done till now.
Cont123
Stealth
a year ago
Yes, this is the worst part, the employees will be the ones to pay, these founders will get away scot free with loads of $.
Sad to see employees are not even protesting this absurd situation, still working 24x7 like nothing happened.
GraySpill88
Stealth
a year ago
are folks in the office or remote?
Barbaadeshwar
Stealth
a year ago
Hope they get their severance packages (I mean salary).
satyaNadella
Stealth
a year ago
Oh. burn 💀
pixelpusher
Stealth
a year ago
I am getting a call for Head of design role at dunzo, looking at the post it looks like dead end.
Barbaadeshwar
Stealth
a year ago
Offer lele, use it to offer stack elsewhere
pixelpusher
Stealth
a year ago
Holding big role at big name rarely happens as market will call it a bluff and once the news spread they will play lowball games
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Pretty crazy knowing dunzo was doing decently well as the third player but Zepto came in and took their market share and left them behind
Cont123
Stealth
a year ago
One random business idea after another, made devs work like work horses without a break, no thinking used to analyze anything
Tbh in hindsight I think these business/product folks just wanted to get promoted with any random idea
Reminded me of this tweet https://twitter.com/nikitabier/status/1680336066325393408?s=46&t=2T8_1xoKrn35udMa53GV8Q
Should we call startups "get rich quick for IIT Bombay CSE" rather? Doesn't seem like they actually create any value and the employees are the ones that get fucked.
GraySpill88
Stealth
a year ago
more like bits pilani cse
hellloworld
Stealth
a year ago
+ 1
GraySpill88
Stealth
a year ago
loan money or services cost (gcp, maps etc)?
Services and marketing cost, huge amount due for Facebook as well which is not paid as of now by Dunzo
Cobra
Stealth
a year ago
Yes it shd be the end ... Reliance will not out any more money on such businesses... It's very clear ... They have scaled down b2b and b2c as these were cash guzzlers ...so end of road I guess
Elix
Stealth
a year ago
Dunzo is a shit company. Has always been. The never ending greed/ lack of options has kept away employees from leaving. Otherwise who would want to work in a company where the fundamentals are distorted and there is no business model. The founder is a joke. Look at his press interviews, where he is discussing burn rates. Good that it is going down
CheesePizza
Stealth
a year ago
Can somebody please help on what was the original count before the layoffs and how many people were laid off round-wise?
Thanks
On top of that it seems the company has not paid TDS to the government for the last 6 months.
When these startups get their funding, their focus shifts to burning that money which starts with filling the pockets of top executives, then spending huge in marketing etc and then hiring more than they need to show that they are doing good.
They should rather spend that money wisely and make business profitable before spending it recklessly. If they had solid ethics and a genuine drive to make business a success.
AliveYouth71
Stealth
a year ago
Yes
NaturalElf
Stealth
a year ago
please keep us updated, eager to know whether they get salary or not
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