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Office Gossip
Office Gossip
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QuirkyMarshmallow
QuirkyMarshmallow
Stealth

Another Mass Layoff on the cards...

Hearing another mass layoffs on the cards at a fintech startup that is into lending, insurance and mutual funds in Bengaluru, which had laid off about 20% in June last year !

12mo ago
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SillyDonut
SillyDonut
Stealth12mo

Navi?

DizzyMarshmallow
DizzyMarshmallow
Booking.com12mo

Yes it was on the cards when I was there.... They were planning to do it in the dec cycle. "Winter is coming" was a common thing to hear on lunch breaks 😔

SparklyPickle
SparklyPickle
Stealth12mo

Lending is going downhill across the board. Just reflective of the where the rates are. Any and every business that calls lending a major business line, will lay off.

GigglySushi
GigglySushi
Stealth12mo

Why is this happening to digital lending?

GigglySushi
GigglySushi
Stealth12mo

I heard Navi work environ. Is like a political party. Too much backstabbing and bootlicking

CosmicDumpling
CosmicDumpling
Stealth12mo

Don’t think anything is improving till June or even end of the year

FuzzyPickle
FuzzyPickle
Amazon12mo

Navi = N.eglecting A.countability, V.eering into I.nequity -
a toxic workplace scenario where office politics overshadow merit, fostering an unhealthy environment detrimental to employee well-being and overall productivity.

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