PerkyMochi
Binny Bansal’s xto10x lays off 40% workforce
This comes 2 weeks after the appraisal cycle with 10% standard hike and multiple promotions. The management doesn’t see the macro economic scenario change in next 1 year. Consulting/strategy role referrals would be appreciated.
10mo ago
Find out if you are being paid fairly.Download Grapevine
SwirlyUnicorn
Amazon10mo
Should be renamed xto0.1x
PerkyMochi
Murugappa Group10mo
Good company, great people just stuck with wrong target market
WigglyBanana
Stealth10mo
xto0.6x na bhai
DizzyPotato
Stealth10mo
How many people?
PerkyMochi
Murugappa Group10mo
Over 30 out of 80-85
ZestyDonut
Stealth10mo
And here i was dm’ing people for strategy roles in xto10x 🥲
PerkyMochi
Murugappa Group10mo
Great org to work for. Hope they are able to navigate through this.
GigglySushi
Stealth10mo
From software engg to strategy?
GigglySushi
Stealth10mo
Which teams were impacted?
PerkyMochi
Murugappa Group10mo
All. Tech layoffs happened last Aug as well.
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