Third round of silent layoffs are happening at Yubi. The company is at cross roads with no real revenue being generated. Last year itself Ebidta turned negative. Cost cutting all benefits revoked. No hike given this year not even some percentage. 6 people thrown off without even a word directly asked to handover laptop. Whole organization is under confusion. Chaos and panic everywhere. What should I do now any ideas are welcome. Too much pressure that I literally not practising DSA, design as even work from office is being monitored. They even monitor timed we go out or go for restroom I guess. I dont know what to say....
Thanks for warning. Do what u can do is all I can say.
Salary cutts is proposed and getting implemented for wfh, big advocates for sallary cut are ceo and chro. OLN their plan seems to me, turn company into profit by these Salary cutts and layoffs.
Did salary cuts happen at all levels? What is the current situation?
And when I had predicted this back in March people called me a fearmonger 🙄
What’s their business model anyway
They charge fees for allowing investors to co lend through their platform. But is is not a very reliable platform. Plenty of tech issues and needs a lot of hand holding and support from implementation and support teams. Lots of banks are technically 'live' on the platform but are not doing any transactions thru the platform due to numerous issues.
Third round of silent layoffs are happening at Yubi. The company is at cross roads with no real revenue being generated. Last year itself Ebidta turned negative. Cost cutting all benefits revoked. No hike given this year not even some pe...
Hi folks. Have there been any recent layoffs at Yubi in the product team? Lots of CVs floating around and plenty of people using LinkedIn Premium.
Heard that there has been some senior management connect, where in due to financial constraints & lack of new round of funding. Some folks will be asked to leave. This is a complete 360 from the conversation they had in Mar’23 where in ...
