Brainly India - entire team laid off
Got to know through my network that Brainly india has asked the entire team from their MD to all junior folks to go. Reason - sudden change in strategy.. they didn’t let the product even launch.. the team was in full swing prepping.. impacted folks 30+ or around that number.. within 6 months of hiring everyone.. while in the interviews they promised 5 years runway.. long term strategy for india.. ceo didn’t even apologise.. they come hire Indians and let go at the drop of a hat.. the employment contract said that either party have to give 3 months notice to resign.. so that’s what they did they are giving 3 months pay not in one go but month on month and after that nothing. No severance pay, no bonus paid to eligible employees, no help in finding jobs , no mental health support, medical finishes in 3 months.. in this time when hiring is on global freeze they have treated Indians like puppets come hire and fire when you want, they have money in bank account a runway for 18-24 months.. still they couldn’t hold on to india team.. heartless way of dealing with junior folks how will we find jobs
Layoffs are sad, but what is worse is how they are handled. CEO comes on the call - announces india shutdown and within 2 mins slack and emails shut off, laptops disconnected. Everyone was shocked. And then no severance. Points and values these companies keep on harping all come and show true colors in such events. A lot of employees feel that it was also very racist move, when company is in trouble employees across the globe can work together but only india team was impacted
That’s really really bad. Almost like a transaction between employer and employees. This time the tech layoffs are showing the worst side of companies.
Any ceo who doesn’t have empathy and a right moral compass won’t go too far in their career.
That's sad to hear, edtech bust is for real!