150 fired... how were so many hired without PMF in the first place? Lovely article btw, captures so much about what is wrong with funding and founders

Dunzo Taskmo Frontrow

https://entrackr.com/2023/09/rario-burns-through-120-mn-in-15-months-future-looks-uncertain/ Tell me no corruption was involved in this ;)

Can someone share what's going on inside unacademy. What new products are they launching. How good is the traction and runway

I don’t understand what the point really was - companies with a bad product are still struggling - companies with a good product are still growing - rent in Bangalore, Mumbai is still sky high - salaries are still high, people are still asking for more - food is expensive as ever - stock prices of companies that fired people never really went up Someone make any sense or any of this?

People in the firm what is happening? Is this the end of edtech and BYJUs? What went wrong?

Apparently they were doing really well.

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

I work as a Product manager at a series A well funded startup. This company is run by a solo founder/CEO. This is a wannabe tech and product startup that does not care about their product at all. The internal review meetings get 5 minutes on product and 55 minutes on business and operations on a good day! All they care about is how to run operations and tech just works on automation instead of building the product for the end user. Every OKR cycle runs for two months where OKRs are set for product but we end up building internal tools because things get "re-prioritised" and operations "can not miss targets". The worst part is that the strategy changes every 2 months and every week, the CEO keeps adding new "wants". Almost like a baby seeing shiny new toys. At this stage, the product has become a mess with no identity at all! This baby always says "But is that even do-able" acts critical and tries to seem smart in front of their employees while lying to the investors and board every other week that we are a tech and product company. I don't know if this happens at other startups in India. Would love to hear what y'all have experienced.

Can we please share the companies which are laying off and kind of roles laid off? 1. Goldman Sachs -Consumer Banking 2. Twitter -Marketing If you have any other companies also please post in comments